It's official, Iran is not developing a nuclear weapon. Of course, I predict that this won't stop the Bush administration from starting a war with Iran, they'll just ignore the report or find some other excuse.
I have never in my life wanted so much to be wrong.
UPDATE: The blogosphere is abuzz with speculation that an attack on Iran is imminent. So is the international press. But the mainstream U.S. press is completely silent about this as far as I can tell. So is the U.S. Congress. Some of the signs are looking quite ominous.
UPDATE2: Here's a good discussion of the monster SPY options trade and its implications.