NO WAY!! Hillary will never again take second place to anyone. I keep thinking there's an off chance the democrats will draft her in 2004, due to the poor showing their real candidates are making, and to keep Howard Dean from winning the nomination. Losing to Bush wouldn't hurt her chances in 2008, the run would give her more experience, and according to Larry Sabato, she doesn't have to resign her NY senate seat to run for the presidency.
But wait! Allowing herself to be drafted in 2004, would be "for the good of the party", and Hillary never does anything without herself being the sole beneficiary.
But smarter people than me say the same "NO WAY" to Hillary running in 2004. The wisdom being that she will run in 2008, and have a clear path because she and Bill are doing everything in their power to weaken the candidates running now, ensuring a Bush win. That gives her clear sailing to run and win in 2008.
We're all just guessing, of course, but an email friend of mine, very thoughtful, says that the democrat's secret weapon against Bush this time around would be Evan Byah.