So, a hung parliament is official, as of half an hour ago. The media, who have largely been braying of a Cameron walkover, were wrong (see front pages here). The Guardian, who foolishly talked of the "Liberal moment" having arrived, was wrong. The pundits were largely wrong. The exit polls, which no-one believed last night, have turned out to be uncannily accurate.
Labour has been hurt, no doubt about it. The Lib Dems have certainly been hurt, after the ridiculous expectations build up over recent weeks. The Tories have also been hurt, as they cannot form a majority government. But there are still more seats for progressive parties in the Commons than for the Tories. Can we (Labour together with the Lib Dems) grasp the moment and do something with it?
Still all to play for.