Well you are kinda right. Libby really did get indicted, knowing all along that it was bogus and would never stick. Also knowing he would be totally vindicated when the truth does come out. Not so much is it a fake indictment as it is one that would lead to more evidence coming out of the wood work and eventually withdrawn.
"Not so much is it a fake indictment as it is one that would lead to more evidence coming out of the wood work and eventually withdrawn."
Kind of like Rathergate...