Wrong. The story is about lying and cheating, and using the MSM to make false allegations which they themselves know to be false. This entire story breaks Bush's way, and against Kerry and the DNC, because the electorate sees it as dirty-tricks politics. The story stopped being about the TANG thanks to FR and others, and has been about nothing but Rather and CBS's stonewalling since.
I agree. The National Guard story is old and already discounted in the public mind. The only reason it was raised from the dead was because of the new (really new) memos. The story is about the memos now.