@cowboys69 - Yes you can file I-485 when I-130 is pending! That is what I am planning to do. And that is what Deported said he did as per his post above. 
Source: This guy said so. He is an ex USCIS officer who is now a no-nonesense immigration attorney. Read many good things about him.
But wait, I read good things about Lance Armstrong too, before he turned out to be a doped rider!