My first inclination is that you have an intake lifter sticking open...I would change the oil and add some sort of engine cleaner (Auto-RX, Seafoam, or whatever) and see if it cleans the lifter out and makes everything happy. If not...you might be looking at diving into the valley and replacing the lifters.
Also, just to rule out the possibility of a bad injector, you'll want to isolate the sound to one cylinder (if you can), then swap two injectors with each other and see if the sound follows the injector or if it stays with that cylinder. I have a feeling this is a lifter as opposed to an injector, but can't hurt to check...