Well, Time reports "news," doesn't it. They've got to report something. The interrogation of Saddam will be a long, drawn out process. Do you hear the fat lady singing yet? No, you don't!
EDITED: Just read the Time article. I love this quote "The official said the names found on this piece of paper will be valuable and could lead to the capture of insurgency leaders around the Sunni Triangle." This is what they give to reporters to speculate on. Think about if you were in a secret insurgent's meeting. Would you sign your real name? Hell, I don't think there's anyone on this board who signs his or her real name. Gee, maybe when they had the meeting signup sheet they had a few blanks for "Address" too.
Second, suppose Saddam was spilling his guts. Do you think the intelligence people are going to come out of the building and be interviewed and reply, "Yeah, he told us where the El Amafi cell headquarters are. We're assembling a strike team now." Give the intelligence people some credit. They've found it more profitable to spill spoiled beans than not to spill the beans at all.