Frankly I couldn't hear what she said as Alan Colmes or Sean interrupted. It didn't appear that she was too pleased earlier today when she told Brit she couldn't really comment until she studied it. Forgive if I'm getting my pundits confused (as I've been switching channels all evening) but I believe she told Sean that all hinges on his success in Iraq. If he fails, all he's promised in his speech will be for naught. If he succeeds, he will be remembered as one of the greatest Presidents of our time.
I did hear her say she thought the speech was "over the top" and that she found it "grating." Alan said he doesn't understand how the president thinks he can bring peace to the entire world in four short years, and surprisingly, to me anyway, Peggy seemed to indicate that that was what she didn't like about the speech, she felt the president was overreaching.
I was surprised because I expected Peggy to sigh and tell Alan the obvious, that the president doesn't expect to bring democracy and freedom to the entire world in four years, but he certainly intends to get a good start.
To better answer your question, see alnick's post in #566. I didn't hear her say 'over the top' but did hear her use the term 'grating' after apologizing to Sean for not agreeing with him.