Update 11:08pm Eastern. I broke out liveblogging of Hillary’s exultation here.

Update 10:49pm Eastern. Obama takes the stage: “I am still fired up and ready to go. I want to congratulate Sen. Clinton on a hard-fought victory here.”

Obama’s giving a morale-boosting speech to his troops, but let’s face it: This is a stunner.

“Change is what’s happening in America,” says Obama.

Well, yeah. Everyone’s changing their predictions. Changing their forecasts. Changing their bets. (And in my case, changing my column filed earlier today anticipating a Hillary loss!)

Obama’s back to lobbying for increasing teacher pay.

Yawn.

Update 10:35pm Eastern. Hmmmm. The Associated Press is calling the race for Hillary. All the talking heads are now confidently asserting the reasons Hillary won: It was the tears. It was Bill Clinton. It was independents.

Maybe they should wait until the last vote is counted.

Or does everyone just want to get to bed?

10:27pm Eastern. John Edwards just spoke. Questions: Can’t he find something else to do? Surf fishing? Golf? Shouldn’t his kids be in bed? Maybe he could another book for HarperCollins? Oh, wait. No…

***

Alright. All eyes are on the surprisingly close results on the Dem side. Here’s the NYT’s map of the precinct returns as of 9:32pm Eastern with 44 percent reporting. There’s still quite a way to go. I think a Red Bull is in order.

Question of the hour: If Obama loses, will we start hearing about how racist America still is?

***

Scroll down for updates…9:00pm Michael Barone thinks Hillary can pull off a win tonight…9:13pm McCain on stage: “We sure showed ’em what a comeback looks like…9:21pm Eastern We are the makers of history, not its victims.”

I’m starting a new NH primary thread now that the polls have officially closed. Here’s last night’s thread from midnight to eight.

Fox News Exit polls reporting:

McCain 35

Romney 30

Huckabee 13

Obama 39

Clinton 34

Edwards 18

With 10 percent of precincts reporting, CNN’s projects that Edwards will come in third. CNN has:

McCain 37

Romney 28

Huck 12

Giuliani 9

8:11pm Eastern update. Clinton’s now 38, Obama 36.

8:14pm Eastern update. NBC calls the GOP race for McCain. Fox calls for McCain. I asked the question once before. Time to ask it again:

8:27pm Eastern update. Just wanted to remind you of how much contempt John McCain has shown the grass-roots over the past year. In January 2007, he cursed and grumbled about immigration enforcement activists who’ve spotlighted the chaotic state of the borders:

A day earlier, in Milwaukee, in front of an audience of more sympathetic businessmen, McCain had been asked how debate over the immigration bill was playing politically. “In the short term, it probably galvanizes our base,” he said. “In the long term, if you alienate the Hispanics, you’ll pay a heavy price.” Then he added, unable to help himself, “By the way, I think the fence is least effective. But I’ll build the goddamned fence if they want it.”

And here’s McCain’s fear-mongering rant from June 2007 warning about Paris-style ethnic riots if we get serious about deporting law-breakers:

At one point McCain went back and forth with one audience member, who said he was upset that the immigration proposal before Congress is not tough enough.

The man asked McCain why the United States couldn’t execute large-scale deportations, as he had heard they did in France and other countries.

ORDER IT NOW

“In case you hadn’t noticed, the thousands of people who have been relegated to ghettos have risen up and burned cars in France,” McCain replied. “They’ve got huge problems in France. They have tremendous problems. The police can’t even go into certain areas in the suburbs of Paris. I don’t want that in the suburbs of America.”

8:48pm Eastern update. Romney speaks. “Another silver, I’d rather have the gold.” Congratulates McCain. Thanks state staff/supporters.

9:00pm Eastern update. Michael Barone thinks Hillary Clinton might eke out a win. Huckabee takes the stage to congratulate McCain and Romney,thank his organization.

9:13pm Eastern update. McCain basks in victory: “We sure showed ’em what a comeback looks like.” Reading his staff’s stump speech, McCain looks forward to the next win. Crowd shouts “Michigan! Michigan! Michigan!” Ending: “Tomorrow we begin again.”