President Bush has commuted Scooter Libby's sentence.

I'm sure the partisans will spin this as some sort of corruption of the legal system. However, this is not the same as a pardon. Libby is still guilty. But, politics aside, given Libby's age (57) and lack of prior record this new sentence is not out of line. He will pay a $250,000.00 fine and serve two years probation. If he violates probation he can still go to jail (as proven recently by Paris Hilton). He will remain, for all intents and purposes, a convicted felon.

The only thing that's changed is the jail sentence.