Hi D.,
How are his grades? What's his behavior like? What does his teacher say? Does she have concerns? Have his old teachers ever said there were issues?
Your son sounds just like mine...except he hasn't been tested for gifted. He's really smart, yet he had a terrible year in 2nd grade (last year) and his very traditional teacher ("sit down, be quiet and do your work - period") asked if we'd ever had had him evaluated. Long story short; after seeing a child psycologist twice, we were told that he has ADHD and that "the only thing that could help him" was prescription medication. When I researched these drugs, I was not comfortable giving them to my 7 year old, so I started looking for alternatives. Since August, he has been on a low sugar diet with supplements of fish oil, magnesium, zinc and a focus product from the health food store that contains amino acids and lipids. He is doing so well in school this year! But he also has a different teacher who understands how to help keep active kids on task better; and he is far less bored in class. He is still very outgoing and dynamic - quite a chatterbox, as you said. He still isn't a great speller (nor am I), he doesn't focus on homework as well as I would like ... but he gets it done eventually, and his hand writing is inconsistant -- sometimes he just doesn't take the time to write neatly ... But his grades are good (all As and Bs) and his behavior is average. As far as I'm concerned, at this time, there is no reason to think about putting him on a medication with bad side effects. I'm not totally ruling it out for the future - if nothing else helps. We'll cross that bridge as we come to it.
When I think about how his old teacher and the psycologist made us believe that we had a little boy with really big issues, I get very angry. I believe that many little boys (and some girls) are naturally active and that a traditional school setting does not cater to their learning style. Is that a problem with our sons, or the system?!
The gifted program at school would probably be perfect for your son. Maybe you can work with the guidance counselor and his teacher to have him re-tested at some point? Be his advocate, do your research and go with your gut. You know your son better than anyone.
Good Luck and God Bless!
(Be sure to let us know what happened!)