Kevin Drum refers to speculation on what happens if Dems win in 2006. George Buddy provides the URL for election projections. Even the Iowa electoral markets site shows things headed in the right direction (that is, left). But I'm sure that Kevin and others have now jinxed the Democrats in 2006. We're going to lose just like we did in 2000.
The good news is buried towards the end of the Electoral Vote site where there's a list of the Senate seats won in 2002, and therefore up for grabs in 2008. Republicans defend 21, Dems 12. That looks as good to me as current prospects look gloomy.