THE MOUNTAIN HAS LABORED AND BROUGHT FORTH A MOUSE: At least if this report from the Post is true: No Rove indictment, and only a lame False Statements Act charge against Libby, which wouldn't even relate to the underlying issue. This will be a blue Fitzmas for some people if it works out that way, but it's too early to be sure that these reports are correct.
For anyone who thinks that this is the end-all to the whole investigation, please review the Watergate timeline. First arrests, June 17, 1972. Two years later? Nixon's resignation, August 8, 1974.
What happened during that time? Continued investigations, criminal convictions, and a steady loss of control by the President over all branches of government. Republicans are in denial if they don't think the Bush Administration is at quite a risk for a repeat performance.
These guys use whatever they feel is convenient when making a point. I was over at the Corner today and they were calling it, essentially, a slap on the wrist.
On the other hand, Fitzgerald is Elliot Ness.