golfrewind.com

I can't seem to find a link on any major golf site that has up to date POY point race for the PGA Tour. Occasionally pga.com issues out a news story with the standings.

Player of the Year, to the best of my knowledge, is not a points-oriented competition: It is determined by a vote of Tour players at the end of the season.
The money title and Vardon Trophy for scoring average can be followed as the season progresses, but not Player of the Year, which is more subjective.

There isn't a running "scorecard" for player of the year as the player's vote on it after the season is done. I believe the official results will be released about a month after the Tour Championship but it looks like Vijay Singh is almost a sure bet. Like valeogut said, there's a money list that keeps track of PGA Tour earnings and there's a Vardon Trophy for the player with the best scoring average for the season. In addition to this, there's the World Golf Ranking which takes into account the past two years of performance and is based on some kind of formula.

Yes, but there is also a PGA player of the year race in which the points are tallied based on event wins, with added weight for position on the money list, Vardon trophy race, etc. I looked for the standings on pga.com a few weeks ago but couldn't find anything recent. Maybe that's what this person was getting at.

The end of the year awards:

Arnold Palmer Award: Money List
PGA of America POY: Points Oriented http://www.pga.com/news/pganews/pgam.../poy081804.cfm
PGA Tour POY (Jack Nicklaus Award): Voted on
Golf Writers POY: Voted On
Vardon Trophy: Scoring Average
Byron Nelson Award: Golf Digest

While they don't have a running link like the WGR, the PGA of America does media releases with the status of the POY points from time to time.

I just calculated Vijay has 130 points. 2nd place is at least 50-60 point behind.