South Carolina governor Mark Sanford has a little over a year left on his second term. He is prohibited by law from running for a third term. A run for the Republican candidacy for president is clearly out of the question.
After the Republican dominated state legislature over-rode ten of his vetoes at the end of their just completed session and the state supreme court ruled against the governor about his refusal to take stimulus funds, I would say that he is the lamest of lame ducks.
Republicans would love for him to resign. Then there would be a Republican incumbant for the next general election.
Democrats would love to see him stay in office. It would kind of level the field come the general.
I predict that sometime before Labor Day, Gov. Sanford will quietly resign. Some kind of back room deal will reward him with some position down the road, after everyone has forgotten.