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The person I learned this from is from the "MSM". He told me that the reason a lot of journalist want the Federal Shield Law passed real quick is because they feel that their source is about to be outed in the CIA and they may end up going down with them. They aren't actually running stories to nail Rove or Libby but to distract and retreat from their original CIA source and hope the Grand Jury's time runs out. They are also worried that their source will rat out other sources in the CIA because about a month before all of this broke Cheney sent Tenet a memo that told him to stop the leaks and anyone that knew of the leaks should tell who it was that was leaking anything. No one came forward and the leaks kept coming out. Now this "memo" may have been a set up to see who in the CIA was leaking info and that's why the President isn't sweating too much. The little "s" by the paragraph with her name was the trap.

The "media are at best, a bunch of incompetent hacks, or at worst, a direct enemy of the country, making up and spreading lies and propaganda.I have no trust in the "media". My Dad was a reporter and tv anchorman for ABC news and I grew up with him telling me what the "media" is all about. He went on to become republican mayor, still involved in state government.
Everything you have said is along the lines of my take on the situation, I believe the focus of the investigation is now the cia/media unholy alliance, and boy , is this gonna be fun!