Now this is according to Alex Kennedy so not sure how legit it is but though i'd post it anyway. I already feel the letdown coming if he ends up just re-signing with the Rockets this is going to suck, wasted time and hopes.

Courtney Lee – The Houston Rockets rescinded their qualifying offer to Lee last week, but the shooting guard may still return to the Rockets. The two sides have been in contact and Houston is interested in re-signing Lee once the dust settles. Right now, the Rockets’ top priority is finding a way to acquire Dwight Howard and signing Jeremy Lin and Omer Asik to offer sheets. After those situations work themselves out, the team will try to re-sign Lee. Howard and Lee have remained close since their stint together with the Orlando Magic so the likelihood of Lee re-signing may increase if Houston trades for Howard. With that said, the Rockets have some competition for Lee. The Minnesota Timberwolves and Phoenix Suns are interested in signing Lee outright while the Boston Celtics and Los Angeles Lakers have explored potential sign-and-trade scenarios for the shooting guard. Lee is enjoying the free agency process and isn’t in any rush to make a decision. He’ll continue to weigh his options and see how things play out.
http://www.hoopsworld.com/nba-pm-which-free-agents-are-left