If Hillary doesn't run in 2008 we probably see a larger field of candidates it depends on when Hillary says she isn't going to run if it is in 2006 or early 2007 I could see more candidates jumping in like Al Gore. Obama got very lucky in the 2008 cycle, in all honesty, he didn't run a particularly good campaign just both Hillary and McCain ran bad campaigns.
Obama 2008 campaign was great and iconic. Hillary’s campaign wasn’t that bad. It’s just Obama’s campaign did a great job getting out the vote and exciting the base.
Now, Gore COULD have run and won. But I still think Obama’s got a good shot.