I'm not that gloomy yet. But I agree that the 2008 election is ours to lose, if the Republicans don't put forward another good candidate who will bring out the base Bush has built on. We can't afford to nominate a pro-abortion RINO, or the whole thing will fall apart.
I worry that McStain will put himself forward again. He's definitely been jockying for better position. Mostly on the Democrat side, true, but jockying just the same.