UPDATE: Rumors are circulating that Murkowski is going to concede later tonight. Stay tuned.
BIG UPDATE: Boom! Murkowski concedes. Now the question remaining is whether she'll support Joe Miller or simply sulk.
MORE: This is excellent news for the Senate. Joe Miller isn't just some schmo that decided to run for office. I've heard him on the radio and he's a very smart guy who knows his stuff. Not saying he's a shoe-in, but in Red State Alaska, he has the advantage. The GOP must be shed of its brainwashed-establishment types if it's going to make anything of its presumed gains in November.
Erick Erickson puts it plainly:
Consider another fact: Conservatives, led by Jim DeMint and Sarah Palin, are potentially creating the most conservative Senate Republican Conference in the last thirty or so years: Sharron Angle, Ken Buck, Mike Lee, Joe Miller, Rand Paul, Marco Rubio, and Pat Toomey will be joining Jim DeMint, Tom Coburn, and David Vitter.
Bottom line, if the GOP takes the Senate, it'll be time for DeMint to make his move and topple McConnell from the leadership post. The stakes are too high to let this be frittered away by big-government Republicans who'd rather get good print in the New York Times than emancipate the America people from the yoke of Keynesian tyranny.