With nearly all Iowa precincts now reporting, Hillary comes in third behind Obama and Edwards.
Electability is what matters above all to Iowa Democrats, even before ideological purity. This is a replay of '04, where the front runner (Dean) stumbled then fell when the prospect of that guy running against the Republicans frightened Iowans into picking someone, anyone, who could possibly beat George Bush.
Hillary, with her sky-high negatives, was the opponent of choice for Republicans in '08, and Iowa Dems who want to win know that.
Is Hillary toast? No, far from it. Nor should she be toast. What, are we gonna let a high school stadium full of Iowa caucasians(?) decide this election?