I followed up the sources on that one. The image is apparently _not_ photoshopped (it's from Fox's feed). And it's possible that it is a receiver -- Bush has apparently used such technology in the past, and media have picked up the signal by mistake -- but after a lot of badgering, some journalists got an outright denial from a senior member of the Bush campaign. And most people in politics tend not to lie outright to specific questions; they simply deceive by garbling or misrepresenting the facts. So if somebody said "No," outright, I'd give it some weight.
But you can believe that, if I were Kerry's campaign manager, I'd have a radio engineer on hand just in case to detect any feed to Bush; and if it existed, either record it or jam it.
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