I had the MRI on the knee this morning and got results back this afternoon. As it turns out, it appears that according to Dr. Bock I have a "tear of the distal collateral lateral ligament." Obviously this sucks. The good news, however, is that it is nice to know that there is something wrong with my knee and that once it heals, I should be back to running.
In the mean time, its back to the pool for the next couple of weeks until I can resume running without pain. Unfortunately, this means I'm officially listed as "doubtful" (in NFL speak) for St. Anthony's. I really want to race but at the same time dont want to risk further injury in the first race of the year.