The Apollo Project is running a prediction competition as no doubt are various other sites.
I am very bad at predicting election results, but at risk of embarrassment here is my forecast:
1. Total number of votes cast (%): 61
2. First preference votes cast for Ming Campbell (%): 34
3. First preference votes cast for Chris Huhne (%): 42
4. First preference votes cast for Simon Hughes (%): 24
5. Second round votes cast for Ming Campbell (%): 43
6. Second round votes cast for Chris Huhne (%): 57
7. Second round votes cast for Simon Hughes (%): 0
Since this seems seriously at variance with the consensus, which seems to be for a narrow Ming win, I should offer some words of explanation.
I voted for Ming. I am a pessimist. I hope to be proved wrong.
More seriously, whoever wins the election, Huhne has won the campaign. I have been bitterly disappointed at just how uninspiring the Ming campaign has been, given that he is a canny politician and he has most of the party's brightest and best at his back. The succession of emails from grandees such as Steel, Williams and Ashdown as the campaign drew to a close summed this up. Ming surely already had the deference vote. He needed to be targeting the thinking voter who would have started out backing Ming but was feeling tempted by Huhne. He would have done better to just be himself and talk about the things he clearly is passionate about - civil liberties, foreign policy etc. rather than dwelling on the detail of environment policy where he is clearly not at home.
By contrast Huhne has injected the campaign with ideas, energy and enthusiasm. I have not joined the ranks of his supporters because I think many of his messages appeal more to Lib Dem members than the wider electorate and because he comes across as too clever by half. Yet the campaign would have been dull without him. Would a Simon v Ming contast have merited a separate edition of Question Time? I think not.
The key question is what will the 'ordinary' members do. The people who matter here are not the total armchair members, but councillors and active or semi-active members who don't go to conference, subscribe to Lib Dem News, read blogs, take part in cix etc.
There was quite a posse of such people who went from Watford to the St Albans hustings a couple of weeks ago (and not just to see Dorothy chair the meeting). To a person those of them that I spoke to afterwards were voting for Huhne.