Figured it out....I was probing the shielding. The o2 sensor has ANOTHER wire inside. I only discovered this after cutting the wire completely in two. I knew something was wrong, just couldn't figure it out.
OK -- back on track.
Ignition ON, engine off = 0.50v
I did some driving and it fluctuates from 0.05v to 0.88v.
I can't really tell what it is showing me because the readings vary so much. I uploaded the video here so if you guys could watch it that would be great.
Watch all 1min 30seconds because at the end when I came to a stop it hangs at around 0.08v for about 10seconds before moving back up. I don't know if that indicates anything or not?
http://w124-zone.com/downloads/photos/260E/O2%20sensor/o2%20sensor.MPG
or youtube once it finishes processing:
http://www.youtube.com/watch?v=QAmRXaGyW0w
Is 0.0v lean or is 0.9v lean?