Andy Katz of ESPN is reporting that Oregon State guard Jared Cunningham intends to "test" the NBA draft--putting his name in the ring to see if he might be drafted. He's not committing to the pros at this point, or doing anything yet that would imperil his NCAA eligibility.
A bit of advice to Jared: Consider the career of ex-OSU DB Brandon Browner. He's done well in the NFL, making the Pro Bowl as an injury replacement, but his career path through the pros was no doubt hindered by his decision to come out early. He went undrafted and played some in the CFL before (and also suffered an injury) before finally sticking with an NFL team.