1994 All Over Again? Hah.
It seems that the more punditry we get (and I think it's fair to say that we're seeing a far more vigorous, diverse pundit class than ever before), the more we try to make every single day and every single issue politically monumental. But there's just not that much there. It's May; the country is just starting to move into summer as schools let out over the next several weeks. November is a cold season, and it's too early to ponder the cold season. (Forget about 2008; John Podhoretz is beating the bushes with a stop-Hillary book already, for crying out loud.)
It's butter scraped over too much bread. Sooner or later people in the biz are going to catch up to that fact.