You mentioned the spending -- my brother says he's seriously thinking of voting Democrat in '08, because he's disgusted with the spending.
(for the record, my brother is not pro-life...I am)
I think Conservatives are now going to be in open revolt. I think they are going to be going off in all directions. Third party is a definite possibility. Whether they can be corraled back on the reservation is anybody's guess. If it means Billary back in power, if it means we go socio-communist for a while, well maybe that's what we have to do. Maybe another few (or many) thousand Americans have to die in a 9-11 style attack to get people's attention and to get them to realize (again) that we are at war. Something has to give. I think it is time for a viable conservative third party. But it's never worked before.