On one hand, McCain has robbed the Republicans of the one hammer they had, Obama was inexperienced. Here we have someone who had been mayor of a town smaller than the subdivision I live in and then has been governor for two years of a state with a smaller population than the county I live in. At a similar point in life when Obama was in Harvard Law School, Palin was entering beauty pageants.
On the other hand, the point that the Democrats have been making for the last week is that McCain has exhibited poor judgement. He was wrong about Iraq, he is wrong about Afghanistan, he is wrong about the economy and on and on. And he just made their point. If this is an example of the kinds of decisions he'll make once in office, we have been warned.
Hopefully, the voters of Alaska are outliers. The fact the Ted Stevens, who is under indictment!, just made it through the primaries indicates a wild-west approach to politics that provides a nice launching pad for someone like Palin.
So, the 26% of the electorate that continue to support W have been mollified by the selection of a right-to-life, anti-environment, creationist. The rest of us can look forward to the renewal of an American government worthy of pride.