I'll skip right over the rumors flying about indictments, resignations, and winged pigs and explain why Condi Rice will be the next VP. When there are indictments, there are trials, trials by juries, and in Washington, this means juries largely made up of African-Americans.
The problem? Currently the Bush administration is enjoying a 2% approval rating from African-Americans. Therefore, when Dick Cheney resigns (as history records he will) Condi Rice will be nominated and approved by the Republican Senate as the new VP. Not because anyone really cares about the fates of Karl Rove and Scooter Libby (or even Mary Matalin or Steven Hadley) but because Republicans fighting for reelection in '06 cannot afford a guilty verdict, which would be seen as an indictment of the collective moral fiber of the entire Bush administration. A hung jury is the best they can hope for, and some will expect to achieve that by nominating an African-American as VP.
While the blogosphere is salivating over the prospect of indictments, they mean nothing if the defendants are never convicted. So, for now, I'm remaining in the refusing-to-count-chickens camp. But the next time Condi goes shopping, it may be to buy curtains for her new house.