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I agree that this is a real possibility on the GOP side. Mike Tomasky discusses how it might arise on the Democratic side.

I have been struggling to really articulate my thoughts on a Fred Thompson candidacy, but here’s a go. This was, to some extent, precipitated by a conversation yesterday afternoon, this post of Michael Turk, and Thompson’s interview with John Fund.
First, there has been a push for a candidate because the top three are unsatisfactory [...]

Mitt Romney just announced the endorsement of retiring Colorado Senator Wayne Allard. Romney has signed up huge amounts of the Colorado GOP establishment and Allard’s main issue is gay marriage, so this is no surprise. But the question is why Colorado?
Here’s one thought. Perhaps Romney is trying to seal up the traditional late caucus states [...]

Much earlier in the campaign, John McCain would spoil Mitt Romney’s events (here and here). Now, I wonder if Romney is doing it to McCain. Two weeks ago, McCain announced three policy speeches. Last week was Iraq. Today is the economic. Later on, there will be domestic policy.
So, last Tuesday, a day before McCain, Romney [...]

"In a loud voice" that perhaps reporters weren’t supposed to hear, Rudy Giuliani says that the social conservatives will be split and that he will form a coalition of the remainder:
In a voice loud enough to be overheard on the other side of the room, he outlined his view that the other candidates would divide [...]

Almost all the big polls are now out, along with some important analysis. So let me dive right in.
There are clearly three tiers of candidates from the polls. The picture at the right from Gallup clearly points these tiers out. First is Rudy Giuliani and John McCain. They have similar likability, and in recent weeks, [...]

The Mitt Romney team, recognizing that the wheels were coming off the train, told the Politico what their plans were. I have a little review of the plan
First, according to Roger Simon, they want to "game the system". At least as reported to Simon, focusing on the long-ago-settled CA winner-take-all-by-congressional-district, this is a little diversion. [...]

Tanking in the polls and underperforming in straw polls, Mitt Romney goes on the attack!

I don’t watch TV much, so I miss a lot of stuff. But Kavon Nikrad at Race4 2008 notices that Rudy Giuliani’s campaign thinks that Mitt Romney is preparing to whack them.
To do so would be a big, big mistake. Rudy is a hero. It will slime Rudy, but it will also slime Romney, perhaps [...]

Yesterday the Politico published an interesting article about an interview with Karl Rove. The emphasis of the article was:
"I think it is going to mean that people develop a persona earlier and wear out their welcome earlier than they would," he told The Politico in an interview. "I think there’s going to come some point [...]