The President of the United States, George W. Bush, has apparently commuted the prison sentence of I. Lewis 'Scooter' Libby which means that Libby will not be going to jail, despite the original 30-month prison sentence that had been handed down after his conviction.
See news link here: Bush spares Libby from prison (From Reuters, via Yahoo.com)
Personally I think it was the right thing to do, and as the President has noted, Libby still faces a stiff fine, and is still *guilty* and has not been pardoned. He will still be a pariah in the federal world, and though he may make money on a book deal or on the lecture circuit, he is not someone that is likely to be a grand profiteer from these events.
Though the prosecutor is apparently fuming, and liberals like Leahy, Reid and that ilk are incredibly upset about these events, no real purpose is served by having Libby go to jail. His actions are far less serious than those of people like, well, that fat ugly sweaty guy that worked for the Clinton admin and tried to steal and/or destroy classified documents related to anti-terrorism efforts (who faced a simple little slap on the wrist for his own actions).
Others may disagree, and I welcome that. Personally I think justice will never truly be served here, and this entire affair was a whole lot of nothing because Joe Wilson and Valerie Plame kept fanning the fires looking for blood that just wasn't going to be forthcoming.