Well said.
The French rejected the EU Constitution. Citizens of the Netherlands are expected to follow. Italy is likely to be next. The vote in the UK -- never the strongest EU supporter in Europe -- isn't likely to go well for constitution supporters.
Since this is happening in Europe, I'd expect the next move will be to dump the entire draft, and try to get the whole thing passed piece by piece, via treaties -- with changes of course.
"I'd expect the next move will be to dump the entire draft, and try to get the whole thing passed piece by piece, via treaties -- with changes of course."
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This is what I think ought to have happened in the first place. They tried to go too fast with this stuff, and stepped on sovreignty, and it would have caused enormous and rapid economic dislocation. The whole thing probably won't fly, but with the various situations in different nations there, they have to work toward drawing closer together, rather than trying to melt Europe into one uniform piece.