Sorry to come in a bit late, but . . .
A few things to note:
-Water vapor may be considered a "greenhouse gas," but it's very, VERY short lived - it has a tendency to form something called "rain" and exit the atmosphere very quickly. As others have said, this is just working with the existing water cycle: Overall, it's always the same amount of water.
"Stored hydrogen can be an explosion hazard,"
As opposed to gasoline

? I think that to get from place to place, people are fine with some risks, as long as the risks can be minimized.
"One potential hurdle for electric cars is infrastructure."
Yes and no - in the northern states and in Canada, there's actually some pretty good outdoor electric infrastructure due to to the cold weather: In many places, it is common for people to use electric engine heaters during the winter, so a lot of parking lots in northern states and Canada already have the infrastructure necessary for electric vehicles.
I used to live in Minnesota - yes, a lot of parking lots there had electric outlets. As counter intuitive as it sounds due to how many batteries react in cold weather, the northern states may actually be one of the best places to introduce electric cars. A little bit of electricity could even be used to keep the batteries warm while charging them (the charging process itself probably warms them up as well).
"electricity just moves the tailpipe to the power plant."
For the sake of argument, let's assume 100% of our energy is produced by fossil fuels (even though we *do* produce a *lot* of energy by other means) - even then, it's a lot more efficient than gasoline. People have done the math, and any way you figure it electricity is a whole lot better.
The infrastructure required to distribute gasoline is very expensive - you've got to pump the fuel, you've got to transport it to the ocean, you've got to transport it across the ocean, you have to transport it to the refinery, you have to refine it, you have to transport it to storage, you have to transport it from storage to the gas stations across the country - when all is said and done, just transporting the gas alone is probably a lot less efficient than distributing power over wires.
Add that to the inefficiency of the gasoline engine compared to the electric motor, and the "long exhaust pipe" argument totally breaks down. People have done the math on this, and even the worst estimates look a lot better than using gasoline.
I think electric and plug-in hybrids hold the most promise over all of the other alternative fuels. Hydrogen is nice, but it's gonna be at least five years or so before the technology is anywhere near ready to be put into production, and the same can be said for other technologies (and a lot of them have additional problems as well).
The electric car, on the other hand, is already available and it has been proven to be competitive to gasoline in nearly all areas. The only really big hurdle left is the range and recharge time of the batteries.
Even with that limitation, however, the electric car can still be useful as a car for going to work and for errands in town. I personally have a full time job - I drive to work every day, and I'd save a LOT on gas if I were to own an electric vehicle.
Which brings me to another point: These vehicles are not just about saving the environment.
-They're about saving you money - with gas prices skyrocketing, the amount you're going to save by using an alternative fuel gets better all the time.
-They're about decreasing our dependency on oil from countries that we can't trust. Quite frankly, we're giving a lot of money to some pretty bad people and governments.
Maybe this environment thing is a big deal, maybe it isn't - but it's not the only reason to look at alternative fuels, and even ignoring the environmental benefits a good case can be made for using something besides gasoline.
"One question, didn't a group of scientists create a table-top fusion device? Was that just a hoax or did it not count as cold fusion?"
If I remember correctly, nobody was able to reproduce the cold fusion results.
"Second, what ever happened to the idea of putting huge solar panels in space and sending the energy it obtained back to earth via radio or microwaves?"
It's still a good idea - and we have in fact been able to transfer energy in experiments using microwaves. Unfortunately, our space funding is now a fraction of what it used to be and a lot of great ideas were abandoned simply because there's no budget for much anymore.
And oh, yeah - NASA's top priority right now is getting people to the moon again, and hopefully eventually Mars. Lest we forget, that's one of the goals George Bush set. It seems we've been so wrapped up in the Iraq war and the upcoming elections we've forgotten everything else.
"Fourthly: Is lack of fuel essentially the only thing preventing us from building hydrogen cars? We have the electric motors, and the fuel cell concept, but no where to replenish the hydrogen, correct?"
You've hit upon one of the largest issues with a LOT of the alternative fuel ideas - there is simply no infrastructure for distributing them. The only alternative fuel that has anything close to an infrastructure right now is electricity - another reason why I think that electric cars is the best idea for an alternative fuel.
Yes, there are many places without outdoor electric outlets - but there's a lot more outdoor electric outlets than hydrogen fuel stations!! Besides, there's this useful thing called an "extension cord" - ever hear of it?
Creating new infrastructure for electric cars is also going to be a lot easier than creating it for other fuels. Think about it - you just hire an electrician. There's a lot of people who have a lot of experience working with and installing electrical devices. People who install equipment for hydrogen are, on the other hand, quite rare.
And oh, yeah - here's something that really demonstrates what electric cars are capable of:
http://www.teslamotors.com/
It's a car that gets 0 to 60 in four seconds. Did I mention it also gets 135 miles per gallon? No, that's not a misprint, that's one
hundred and thirty five mpg - and it'll kill a Ferrari in a drag race. That is what electric cars can do.