I hope you're right. One of the things that bothers me, however, is how much support he's getting from European countries, particularly Spain under its raving Socialist PM, Zapatero.
The real danger seems to be rash action on the part of the Socialists in power, and the scope of that those actions. Most pointedly, the threat seems to be some sort of "catastrophic action" inspired by 911, an action timed to bring America to its knees. This need not be a "terrorist action," it could be a series of economic attacks. It need not be immediate wither - it could be gradual yet the cumulative effects would be just as "catastrophic."
If this does not come to pass then time is on our side as the socialist inspired "revolution" will most likely fail due to the nature of the socialist project itself.
The one of the problems of Latin American political economies is the plain fact that the so called "capitalist economies" that the socialists down there are constantly railing against in fact rarely have existed, if in fact they have ever existed at all.
Clearly the prior attempts (or pretensions to) "capitalist" economies have not worked. The Left in Latin America thus sets up a false dichotomy between "capitalism" and socialism and then proceeds to beat that mischaraterization of capitalism and liberalism (in the 19th century sense of the term) to death.
In the end, the socialists will come up short handed too. It is all the mischief that they can cause before that point is reached that is so troubling.