Well, one prognosticator McClatchy reporter Steven Thomma spoke to thinks so, and the others are all but calling this one over:

Former Reagan political adviser Ed Rollins likened today's landscape to that in 1980, when voters were angry at President Jimmy Carter and the Democrats and turned to Reagan in droves once they felt comfortable with the idea of him as president.

"Barack has met the threshold," Rollins said. "Once Reagan met the threshold, people wanted to get rid of Carter and they did in a landslide. This is going to turn into a landslide."

...

"The fundamentals have come together almost perfectly and at just the right moment for the Democrats," said Larry Sabato, director of the Center for Politics at the University of Virginia. "It could hardly look better for the Democrats."

"This election right now is exclusively about economy," said independent analyst Charlie Cook. "Despite the fact that the House and Senate are in Democratic hands, Republicans seem to have total ownership of the problem. Fair or not, it's true."

As Kyle mentioned in his 10/10 Recap, Virginia has moved into Lean Obama territory, putting him above 270 on the RCP Electoral Map.

Add to this the doom-and-gloom coming from Republicans and there's a real sense that this one is slipping quickly away from McCain.

Of course there's a lot of campaigning left. Polls may tighten, the CW could shift yet again, leading to a very close election. But the trajectory of the race doesn't look good for McCain.