I am at peace with these rumours. Absolute legend of a man, but he is in his 70's and this was always going to come. Also, I doubt he'd leave us in the shit, some sort of contingency would be in place. Also, if the rumours turn out to be untrue (preferably), then we shall still have the great man.
The reality of it is that we will obviously have to learn to go on without him in the near future either way, so an announcement of his retirement isn't really shocking. Fergie has been United manager for my entire period as a football and United follower, so I feel that my life will actually be a bit different if he was no longer in charge! I have seen or known nothing else, but I must say, in a wierd way, it will be a bit exciting almost to see how the club moves on from his reign. I choose to look forward to it, whenever it happens. Not that I want him to go of course, but he obviously will soon, and it will be the most interesting thing in all of football to see how we fare. Will also be interesting for me/us.