Biden is in

Link.

Sen. Joseph R. Biden Jr. (D-Del.) said yesterday he plans to seek the Democratic presidential nomination in 2008 unless he decides later this year that he has little chance of winning.

"My intention is to seek the nomination," Biden said on CBS's "Face the Nation." "I know I'm supposed to be more coy with you. I know I'm supposed to tell you, you know, that I'm not sure. But if, in fact, I think that I have a clear shot at winning the nomination by this November or December, then I'm going to seek the nomination."

What are the odds that Biden will conclude by the end of this year that he doesn't have a shot at winning the nomination? I say, 100-1.