I read an article somewhere (probably from Mark Evanier's site. That's where I go for my news commentating) that the leaks will almost definitely have the opposite effect of what Julian Assange wants. i.e. cause governments to become even more secretive and not record what they're doing.
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I tend to think that Assange's doing something right if he's pissing off people who need pissing off.
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I was a bit surprised that the cables weren't better encrypted.
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(Caveat: I speak from informed optimism rather than actual rational analysis.)