Hillary thinks she's elegant, but she's just an imperious bitch. Those jowls will be scraping the carpet by 2008 without some serious structural re-engineering.
The thought of Hitlery running under Lieberman makes so much sense I'm guessing it will happen. Strategically, it lets them appeal to both the center and the hard left. Depending on the outcome, she can either exaggerate or deny her own importance. She probably thinks she can intimidate little Joey into letting her run the place anyhow.