Libby is still a convicted felon. He's still on probation, meaning that he could end up back in jail if, at any time, he violates his probation. He has to pay a quarter of a million dollar fine. He incurred thousands, if not millions, in personal legal expenses.

I'm not sure how any of the above sends a message of futility or being above the law, except to people who are already convinced that Bush is some sort of neo-Nazi anti-Christ anyway.