Well, untested from a political standpoint is not as much of an issue because as far as experience goes she has more experience than nObama does. The dimmis sort of took that off the table.
It is definitely an issue because she is inexperienced. This equivalence stuff is getting ridiculous. McCain is not as bad as Obama and, now, Palin is not as experienced as Obama.
From everything I've read, Palin is a good conservative and her time will come if she keeps on being a good conservative. Let her get some executive experience and run for the job because she has what it takes to be President.