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JCSJCSJCSJCS 

Date > xx/xx/xxxx OR Null - a way to combine?

Is there a way to use an OR using the connector that can handle a DATE or a Null? 
 
Example (these are fields in one of our custom objects):
 
Deal Status = Cashout OR Open   (using Deal Status equals Cashout, Open)
 
AND
 
Deal Cashout Date > 12/31/2006 OR null 
 
I can get this in two queries, but want to combine in to one.
 
The query really boils down to:
 
(Deal Status = Cashout and Cashout Date > 12/31/2005) OR (Deal Status = Open and Cashout Date = null)
 
Any ideas are appreciated.  Jonathan