The blogosphere is abuzz with the news that Del. Chris Saxman (R-Staunton) has decided against running against Jim Gilmore for the GOP nomination to run against Mark Warner for the U.S. Senate seat being vacated by John Warner.
Saxman stated that, since Virginia law forbids fundraising during the General Assembly session (which is from January to mid-March), he believes it would be violating the spirit of Virginia law if he ran...even though that law does not apply in this case because Senate races are governed by federal law, not state law. I consider that to be a pretty honorable move on Saxman's part.
He has formed a PAC to raise funds for other candidates, and did not rule out a future run at statewide or federal office. Apparently, Saxman's speech on his decision was very well received by Republicans, who were gathered at the annual GOP Advance where Saxman made his announcement.
Right now, Jim Gilmore is still the only candidate running, with Del. Bob Marshall (R-Prince William County) still considering a run himself.