If the dark energy equation of state parameter w(z) crosses the phantom divide line w = −1 (or equivalently if the expression2 changes sign) at recent redshifts, then there are two possible cosmological implications: Either the dark energy consists of multiple components with at least one non-canonical phantom component or general relativity needs to be extended to a more general theory on cosmological scales. The former possibility requires the existence of a phantom component which has been shown to suffer from serious theoretical problems and instabilities. Therefore, the latter possibility is the simplest realistic theoretical framework in which such a crossing can be realized. After providing a pedagogical description of various dark energy observational probes, we use a set of such probes (including the Gold SnIa sample, the first year SNLS dataset, the 3-year WMAP CMB shift parameter, the SDSS baryon acoustic oscillations peak (BAO), the X-ray gas mass fraction in clusters and the linear growth rate of perturbations at z = 0.15 as obtained from the 2dF galaxy redshift survey) to investigate the priors required for cosmological observations to favor crossing of the phantom divide. We find that a low Ω0m prior (0.2 < Ω0m < 0.25) leads, for most observational probes (except of the SNLS data), to an increased probability (mild trend) for phantom divide crossing. An interesting degeneracy of the ISW effect in the CMB perturbation spectrum is also pointed out.