I have had this happen to a couple of my orchids and I'm concerned. The first time it happened to one of my plants months ago I freaked out and cut the leaf up. That particular plant is currently budding and seems content despite my horrible mutilation to it's leaves.
On this plant, the spot showed up within the past few days. It started out a little soft and puffy and then shriveled up to this white and black area. Otherwise the plant seems happy. I just don't know if this is a matter of over/under watering, lighting issues, etc.
Any insight would be greatly appreciated!!
Links to pictures of the leaf :
http://bloodredmoon.com/orchids/leaf1.jpg
http://bloodredmoon.com/orchids/leaf2.jpg