I would bet Schwarzenegger does not run. It is very different being governor v. being 1 of 100 senators. I suspect he will want to go back to private industry. If he does run though, it would make a very interesting race. Maybe if 0bama is unpopular, Boxer could be vulnerable. But I think even if Arnold runs, he would lose. CA is just too far gone.
I think I’d take a pass on Schwarzenegger.