My wild guess, is that assuming Bush gives one of his better speeches, he gets a 5% bounce after the GOP convention, and leads Kerry by 3% after the GOP convention, and then struggles to hold onto it, with the debates really being the key factor here (assuming events in Iraq and the economy stay reasonably on par). These debates are really more important than debates in other cycles, since so many voters have doubts about both men, and are cross conflicted. It is clear so far, that few of those cross conflicts have been resolved, and why should they until more information is available. JMO.
"... debates are really more important than debates in other cycles,
since so many voters have doubts about both men, and are cross conflicted..."
- - -
The population is now nearly evenly divided between the
socialists and the non-socialists.
The percentage of people who claim to be "undecided" is
very small, and those people are either liars or imbeciles.
There is not enough of them to spend any resources on to
try to convert.
The election will not be about converting, it will be about
motivation. The ONLY thing that will matter in November
will be turnout. The win will go to the party that is able
to mobilize their supporters to actually get of their asses
and go to the polls.