I'll confess that at this point in 2004, I had at least a passing interest in 2008. By May 2005, I had set up my 2008 Presidential Wire, and I had begun coding it 2 months earlier.
This cycle though, I won't be focused on 2012 for a while, and it's because of I've learned from 2008.
Barack Obama was not even mentioned as a potential candidate until October 2006. Mitt Romney, by far the most well-prepared of the early 2008 contenders, was defeated in Iowa by Mike Huckabee (who was accused of slacking on the early ground game) and in New Hampshire by John McCain (whose early organization got shredded). The hottest GOP contenders at this point in the last cycle were George Allen and Bill Frist. And all John McCain's early legwork got him was an excessive burn rate and campaign implosion, until he retooled into a leaner, meaner machine.
In October or November of 2007, few people would have predicted Barack Obama or John McCain as the nominees. If we can't predict three months out, what makes us think we can predict three and a half years out?
Nor was 2008 a total fluke. There are structural forces at play here. On the one hand, the campaign cycle has been lengthening. But on the other hand, the Internet, and specifically a richer information ecosystem that allows us to pay more attention to also-rans like Huckabee and Ron Paul is operationalizing the Feiler Faster Thesis where challengers rise and frontrunners implode faster.
This means that in a primary, money and organization don't go as far. McCain got nominated with half the resources of some of his competitors. Mike Huckabee got to be the second to last guy standing on financial and organizational fumes. When Barack Obama's YouTube channel is worth more than the entire budget of a respectable primary campaign, you know something is up.
So, I implore you, quit focusing on 2012, and focus on 2010 and on showing the Republican Party can rebuild at the state legislative, Congressional, and statewide levels in 2010. (That's where we're starting with Rebuild the Party.) Start blogging about potential candidates for Congress now. Even if we somehow manage to unseat Barack Obama in 2012, it won't mean very much if our ranks in the House and Senate remain decimated, and we've redistricted into oblivion until 2022.