Scotty, - I did replace the control arms about 10k miles ago so I don't think it is that but I will look today.
FordMan, - How would I check if it is cracked? When it makes that noise is it a pretty loud clunk/pop noise?
Daheazle, That would be the steering column right? Wouldn't there be play in the steering wheel then? I don't notice any play in the steering, how could I check this though?