I think this pretty much sums up my response, as well. Below, you have Hilzoy’s reasonable prose, but this link goes to John Cole’s more blunt assessment. Or, as Greenwald said today:

So it isn’t as though we really have anything else to talk about besides Jeremiah Wright. There are some countries in the world—probably most—which have so many big problems that they could ill-afford to devote much time and energy to a matter of this sort. Thankfully, the United States isn’t one of them. I believe it’s critical that we keep that in mind as we discuss him for the next seven months.

Sigh. I’m for Obama, if you haven’t figured it out, but if this were happening to Hillary, I’d be saying the same thing.