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Interesting that Bush chose to make this announcement on a day when the news might otherwise have been filled with stories about the indictments of Rove, Libby, et al. (Not that he's ever manipulated the news to deflect attention away from a negative story about his administration.)
Kudos to Tim Grieve for reporting on this totally transparent exit strategy on Monday. (I'd send kudos to Charles Krauthammer for laying it all out last week but then I'd have to shoot myself.)
I fear we're all going to look back on this and decide that Harriet Miers would have been infinitely preferable to whoever Bush chooses as her replacement. Here's hoping "adam" is right and Bush's petulant inner child will take over and he'll nominate an unquestionably qualified and well-respected MODERATE instead.