Has the initial shock worn off? Not quite.
The media reactions are worth examining. After occurrences like the assassination of a political leader, what does the media do? Try to fit things into discursive model ‘stories’ already available.
So what does Bhutto’s death really mean? I don’t know. I reckon it’s too soon to accurately judge the ripple effects. But it does benefit to look into who directly or indirectly profits by it:
Musharraf? Because blaming it on “the terrorists” would seem to give him a justification about the Emergency slapped earlier; give him a basis to show how
Bush? Because it would become an excuse to show how the “war against terror” is still required; how the so-called "struggle against the forces of terror and extremism"must continue as it threatens democracies everywhere?
The logic of Nation-States everywhere? Because acts of terror, which constitute their existence, would appear to justify it?
It definitely does not benefit the people of that country. Or this. Or the rest of the world.