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I think bush will win for two reasons.
1. A year is a looooong time to resurrect his image. He has already said he wants to transfer power sooner rather than later in Iraq and the economy and unemployment have actually shown signs of improvement. I still think the single most important think to an American is the economy and employment. If they aren't happy with that, there's no way he will be elected. Conversely so, if an American is happily employed, it takes a lot (foreign policy, etc.) to make them not vote for an encumbent president.
2. As of thus far, none of the democratic presidents with a "real" shot (i.e. not Sharpton), have shown any real charisma. If there's anything the Regans, Clintons and Bushs (Jr. at least) have shown us, is that Americans like a president with a little spunk. The democratic candidates are all shades of vanilla, and riding a Harley onto the set of the Tonight Show isn't going to help that Gore-tonian image. Unless one of the candidates shows themself to be little more than a career politician, they're not going to win.
You may have differing opinions, but I think this is how the "masses" act during an election.
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