My esteemed colleague Walter Olson offers a quick reaction to Obama's nomination of Sonia Sotomayor to the U.S. Supreme Court at Forbes Online. Money quote:

Some of her backers say they expect that Sotomayor will emerge as a liberal in the less than fiery, relatively "legalistic" Ginsburg/Breyer mold. Even assuming that happens, some outcomes will soon change in a direction most businesses will find adverse. And in coming weeks, both friends and foes will be going over her published opinions--some with hope, others with dread--for clues to whether she might form the nucleus of some future new and more seriously left-wing faction on the court.