If you take short trips and don't get your engine very hot for very long moisture can build up in your crankcase. If your oil looks like a milkshake then its more likely you have an internal engine leak. Check your coolant level, if it is where it should be you probably just need to ride faster and longer.
The oil came out looking fine. I went all winter without an oil change (since I dont ride it much). Most of the trips were of the short variety, as in 15-20 minutes tops. So I was thinking that it was possibly moisture buildup from sitting over winter. Just wanted to make sure it wasnt anything else...special.
Note: You can see the oil that just came out sitting on the gruond in the garbage can lid.