For a new party to work, you need the combination of Precinct level workers willing to put in the hard work needed to build a foundation, and the star power of national figures to jump ship from the GOP and bring a face to the party.
Hopefully, some new party can rise up and let the GOP go the way of the Whigs.
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There are already about 49 "third parties", as far as making a difference, how many of us here would give our left arm to see a liberal third party become so successful that they could consistently pull 3or4%, or even 1% of the votes of the Democrat party in elections, that would be sweet.
The left already has the most successful third party, it pulled in .56% of the vote against Obama (Ralph Nader was their candidate), I would love to see that party continue to grow and blossom.