Just heard Novak on Hannity, his assessment of presidential primary races, according to my interpretation of what he said.
Democrats - Obama must win Iowa to have a chance, if he doesn't, it may be over. If he does win, he then needs to win the next one, and then it could become interesting. Clinton still the favorite.
Republicans - Huckabee has too many negatives and not a sufficient organization to sustain his surge, but he remains a longshot. Romney must win Iowa and New Hampshire, and if he does, he then becomes the favorite. If he doesn't, it opens up the possibility of McCain's rediscovered footing to have a reasonable chance. Thompson is probably not going anywhere. If Romney does not win both Iowa and New Hampshire, Giuliani may still have a chance, but Novak is not real optimistic of Giuliani's overall chances.
Novak pointed out that the Republican Party likes to pre-designate the likely winner, and the Party wanted McCain, but the voters have not cooperated, so this is one of the most interesting races in recent history.
I think I agree mostly with that, but I would give Huckabee a larger chance if he wins Iowa and is able to convert his victory there into support in future states. The following seems to indicate Romney has countered Huckabee's surge in Iowa and may reverse the role of favorite there again. Romney's organization and money may take its toll on Huckabee, it remains to be seen.
I know somebody, perhaps ci, will say, who cares what Novak thinks?
http://www.realclearpolitics.com/epolls/2008/president/ia/iowa_republican_caucus-207.html