Joe for all intents and purposes still has the IBF belt. Bute wouldn't take this fight if it was offered to him on a silver platter
Joe IS unified. The IBF belt is his. Bute is a paper champion. Besides, one of the other ABCs would probably strip him if he tried to fight Bute, which would render the whole thing moot. Calzaghe doesn't have enough time left on his career to worry about fighting guys like Bute. He needs to be fighting guys who will get him paid. If he can do Hopkins, Jones, Woods and Tarver in the next couple years (I don't see any good reason why these fights can't get made as long as FW doesn't get in the way), he can enhance his legacy, beat up a bunch of guys he should be able to beat, and probably make about $10M in the process.
:nono Wake up! Bute is the IBF Champ! Just look to the left of this post - check out the pick! :nod Bute would take this fight - it would be his dream to fight Joe...he says he isn't ready yet...but if, for some reason, Joe was still looking to fight someone at 168 towards the end of 2008/early 2009 - I am sure Bute would most likely even fight him for free!:deal