Odd Lights in South Minneapolis.I am amazed I haven't heard any reports on this sighting this following morning. I was out on my front porch last night at about 3 AM. Clear sky, and I was admiring the stars. I then noted a strange light in the Eastern sky. Very difficult to describe. It was multi-colored, red, white , blue. The colors shifted, or pulsed. It seemed to hover, but did make a very slow Southerly progression. After viewing it for approximately a half hour, I went an woke my wife. I didn't do this easily, but felt she would be upset if I told her what I'd observed and didn't let her know. She was as awed as I was. She grew up in Old Ford Town, which is the neighborhood of the old Wold Chamberlin Field, and right close to MSP. So, obviously she is not new to seeing aircraft in the night sky. Neither of us could explain what we were seeing. We were watching with binoculars, and we could come up with no explanation for this sighting. Obviously, not a plane, nor a helicopter. We watched until almost 5:00 AM. Any other reports? We'd love an explanation. We were never freaked, but very intrigued.