Well, she would not be as smart as I think she is if she jumped this administration before having a clear plan to win a seat. Currently, she is on a short list of Veep candidates should Cheney step down or should Jeb run in 2008 (which, unfortunately, I think would be a bad move and would smack of a "dynasty").
Like Arnold and other high-profile candidates, she is "pro-choice" and all the single-issue voters would mobilize to stop her: so she must already have overcome that hurdle in advance (which she could do). But I think Bedard got an old story and didn't realize it.
She won't be jumping the Administration to run in this recall election. The "Condi is resigning" story is being peddled by Hillary's people to damage Rice, more than likely. However, even in the absence of that, I can't see her getting into this race.
Agree with you about Jeb, btw. I live here in FL. He's a good governor, but Americans in 2008 will want a change from the Bush family.
As to the recall itself? I hope that Davis can be upended, but there are enough stupid Californians upset about the "cost" of the recall to give Davis a pass.
Be Seeing You,
Chris