Nate Silver's awesome 538 blog has current projections as follows for the state caucuses and primaries. Obviously numbers change every few days but it's interesting to see where things stand right now.
IOWA
Ron Paul - 25.4%
Mitt Romney - 21.1%
Newt Gingrich - 15.5%
Rick Perry - 13.8%
Michele Bachmann - 10.9%
NEW HAMPSHIRE
Mitt Romney - 36.5%
Ron Paul - 19.9%
Newt Gingrich - 19.1%
Jon Huntsman - 13.5%
Michele Bachmann - 5%
SOUTH CAROLINA
Newt Gingrich - 37.9%
Mitt Romney - 23.2%
Ron Paul - 10.2%
Michele Bachmann - 9.8%
Rick Perry - 7.4%
FLORIDA
Newt Gingrich - 48.4%
Mitt Romney - 26.4%
Ron Paul - 7%
Rick Perry - 5.4%
Michele Bachmann - 5.3%
It's now a three-candidate race, although at this point I would not bet against Mitt Romney getting the nomination. I would also point out that not in a single state does Rick Santorum appear in the top five. Hopefully after he comes in sixth in Iowa, he drops out. In fact, whoever finishes fifth in Iowa between Perry and Bachmann should drop out too. Huntsman should stay in until New Hampshire, but if he can't crack the top three there, time for him to go too.
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