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I think the repubs still have a pretty good shot in 08. The party and constituencies may be irritated or disappointed with Bush right now, but there are too many repubs who are so anti-democrat that no matter who runs, they simply won't change party lines. So its more of a "change our leadersip within and among the party" sentiment rather than an "im so disgruntled with my party that I have to change and let the other party take over". Ain't gonna happen.
Despite the growing opposition to the war and disenchantment with the current Rep. leadership, the nation is still incredibly polarized politically so Americans will probably still stick to their guns and vote along party lines. My guess is that the election is STILL going to be pretty close, simply because both partys' bases are going to come out to make sure the opposing party doesn't win.
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