I went to find Powell's exact comment, and could not locate it. And I did find one example from July of this year where Powell described both Obama and McCain as qualified. So I guess I was mistaken. If so, my apologies to all.
That’s okay. Still, if you follow the money and also remember that Powell is a military man who regards McCain as a longtime friend (I read or heard that somewhere as well), I’m cautiously optimistic that he will do the right thing. Of course, anything is possible.