In addition to Tom, I see that Josh Marshall -- who, like me, had written off McCain's candidacy long ago -- now sees McCain as the favorite. Depressingly, I think this is right. Certainly, I agree with Josh that the GOP is now an effective two-man race between McCain and Romney, and you have to think that McCain has a good shot (although I also agree that Romney really shouldn't be written off; he will be more acceptable to a lot of conservatives than McCain.) For reasons that Matt explains here, a McCain win would be very bad for the Dems: despite his moderate reputation he's a fiscal and cultural reactionary with nutty foreign policy views, he has the best chance of winning of any major GOP candidate, and a McCain candidacy (especially if he's matched up against Clinton or Edwards) would result in an anti-Democratic media bloodbath comparable to 2000. I'm definitely cheering for Romney tonight... --Scott Lemieux