Tremellodendron sp.
I spotted a true Tremellodendron today you can see it here, http://www.projectnoah.org/spottings/131...
I have found the identity of this mushroom, the first picture on the site provided matches perfectly and the habit is more closely aligned to what I observed in the field.
I have a spotting of this fungus also, so I searched high and low, and can not find any Tremellodendron that it remotely resembles.
Lat: 35.81, Long: -86.42
Spotted on Aug 4, 2012
Submitted on Aug 5, 2012