Phil Ivey is in the final 12 of the Aussie Millions, SrslySirius commemorates Ivey’s return to poker, and reaction to the Chris Ferguson Full Tilt story. It’s all in today’s edition of the PTP Hit and Run.

Aussie Millions:Phil Ivey’s run at the Aussie Millions main event is still alive, but it may be on life support. He is in the final 12, but he is the short stack heading into the next day of play. Live updates here. caught up with American Daniel Idema, who was the chip leader for a while before dropping back:

Ivey’s back: SrslySirius has a spoof on Ice, Ice Baby about Phil Ivey’s return to live poker. Enjoy:

And in the text-based world of Phil Ivey’s return, we lol’d at this.

Full Tilt and Ferguson: Yesterday, there was a report from Subject: Poker saying that Chris Ferguson allegedly funneled some of the money from Full Tilt’s parent company into personal accounts and may be trying to hold up the sale to Groupe Bernard Tapie. Not shockingly, the pokerverse wasn’t very thrilled with this news. Some reaction was summarized by Wicked Chops.

U.S. regulation: A story here says that Sen. Jon Kyl, once an opponent of online gaming, is reportedly working with Sen. Harry Reid on online poker regulation. If true, this could be the best news online poker players in the U.S. have gotten in some time.

And here’s a look at a hearing held in Washington, D.C., on intrastate online poker for the nation’s capital.

Quick hitters:
–A look at the week in poker:

–Phil Galfond lost $700K online. Meanwhile Viktor “Isildur1” Blom won his biggest pot ever on PokerStars.
Pokerati is calling Zynga’s bluff on possibly entering the world of real-money poker.
–Reports from a couple of smaller poker tours put on by PokerStars: the Estrellas Poker Tour and the Italian Poker Tour.
– takes a look at the upcoming World Series of Poker Circuit main event at Caesars Palace.
–Catch up on the Turbo Championship of Online Poker at PokerStars here.