Mark Oaten has quit the Lib Dem leadership race after an apparent botched attempt to win Charles Kennedy's endorsement.
This leaves Chris Huhne as the only candidate with any credentials either as a moderniser or an economic liberal.
Will Oaten back him though? If ideological closeness has anything to do with it, he surely will, but this contest has always had more to do with personal rivalry than ideology.
If the old adage about "young cardinals electing old Popes," holds true, expect to see him joining Ming Campbell's campaign in the near future.
Jan 23 update: Apparently I was right about him not backing Huhne but wrong about him backing Ming - he was in fact planning to back Simon Hughes. I doubt if Hughes will want his support now though....