The Post’s story on the latest Shays case is here.
The opinion will not have practical implications for the 2008 elections, as it will take months for the FEC to draft new rules implementing the McCain-Feingold law. And the FEC could still appeal this ruling to the U.S. Supreme Court. For now, the FEC’s current rules will apply.
UPDATE: I may have been too eager to deem the case “Shays IV.” The CLC discusses the case here.