I believe that is precisely what has been happening and will continue to happen. The people are beginning to see democrats AND the media for what they are. 9-11 and George Bush's staunch leadership and character provided the epiphany. I also think Hillary will have to move to the right to maintain any viablility and she is incapable of faking it like her chameleon husband.
I know a LOT of Democrats who will vote for Bush in 2004, and who voted GOP this time around.
It makes up for the "purists" in "our" party who think Bush is dumb and "not a real conservative."