KK,
Don't count on James to go the College route although he has listed Duke, North Carolina, Ohio State, Michigan State, and Florida as his favorites.
James is a 6-7 swingman type from Akron, Ohio St. Vincent-St. Mary. He is the consensus top player in the 2003 class. (Several services list Texas' own Kendrick Perkins as #2, and/or as the #1 big man in the class).
Since last summer, when he outplayed everybody in the 2002 class on the AAU circuit, there's been talk that he would enter the NBA draft after his junior year in High School. That still could happen but he did state that he was staying for his senior season.
David Aldridge was talking about LeBron about a month ago and said that if he could come out this year, that he would definitely be the #1 pick. Wow.