http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=191x3289#3291To expand on what I said there and elsewhere, it's not actually an earth-shattering decision by Sedgemore - it's stayed at the top of the election news today, but I doubt it will go on longer than that. There was, for instance, a retiring Lib Dem MP who, having gone from Labour to Lib Dem in Dec 2001 because he felt he wasn't allowed to expresss his dissent inside Labour,
went back to Labour at the beginning of the election. It hasn't remained as much of a news story. And Sedgemore had made his disgust with Labour plain before - as the piece says, he already talked about Labour's "descent into hell" in Parliament, and voted with the Lib Dems rather than the government on various legislation.
The "give Blair a bloody nose" idea isn't new - the Tories started off saying "wipe the smirk off Blair's face" (though many pointed out that Howard tends to smirk too). This may indicate that the Lib Dems think they can persuade a few Tory voters that they are better placed to do it than the Tories, and persuade Labour voters that it's safe to vote Lib Dem and send the message to Blair - Kennedy followed Sedgemore up with "the Conservatives cannot win this election".