Hugo Chavez might be preferable to Hillary, but what's the point? I'm not going to be frightened into supporting a candidate. There are far reaching consequences to a potential Giuliani presidency that I am not willing to accept. If the rest of the GOP is willing to turn the party of Reagan into the party of Giuliani, Pataki, Specter, Snowe, Collins, etc, that's fine. It will, however, usher in another generation of minority status.
Now, if Giuliani moves right on social issues, pledges to support originalist judges and picks an up and coming hard-core conservative as a running mate I'd be willing to listen.