Update III, 7:45 AM: Joshua breaks down the pluses and minuses of potential replacement bids by Hickenlooper and Romanoff. Meanwhile, Michael at Best Destiny tells conservatives: “Don’t start celebrating yet”

Update II, 10:30 PM: Rossputin offers his analysis of the breaking news and handicaps the early possible Democrat rivals in general election matchups versus Scott McInnis. Rocky Mountain Right has its money on Ken Salazar. Don Johnson at Business Word also weighs in with some thoughts: “Pretty impressive” for McInnis, he writes.

Update, 8:15 PM: The decision apparently is not “fundraising related”. Is it scandal related? This story will be unfolding for awhile….

Wow, this news should get the local blogosphere buzzing… Crazy conspiracy theories anyone? Not surprisingly, Pols is on it first. The question: Andrew Romanoff or John Hickenlooper as the Dem nominee?