The announcement that everyone knew was coming has finally arrived. Hillary Clinton is running for President. According to her website, she is forming an explatory committee. This is always the first step toward making an official run. I imagine that all of the attention being placed on Barack Obama has pushed Hillary to make this announcment a little earlier than she was planning.
There is a real wealth of candidates on the Democratic side: Hillary Clinton, John Edwards, Barack Obama, and Joe Biden. The Republicans have absolutely no one to offer: John McCain (whose lips are so locked to George Bush's ass that he is damaged goods), Rudy Giuliani (who has so many shady deals and associates in his background that he will never actually run) or Mitt Romney (who is a Massachusettes liberal pretending to be a far-right, religious extremist, but one that ironically will not be accepted by closed-minded GOP primary voters because he is a Mormon).
I think the Democratic chances in 2008 are looking pretty good.