I'm fairly certain he is guilty, but he has one h*ll of a lawyer who knows how to play the game. And Blagojevich himself isn't exactly a newbie to this game either.
Many others have been in similar situations, meaning they have been involved in scandals that it was believed would take them down. And they would panic, and lose all their bargaining chips by stepping down and giving the mea culpa speeches and so forth.
Blagojevich has held onto every single one of his bargaining chips, his lawyer is using the Constitution to Blagojevich's benefit quite adeptly. And their opponents in the Illinois Senate and the Federal level Senate are playing things rather stupidly.
I have very little doubt that if the Senate continues to play as it is, Blagojevich's lawyer will take it to the Supreme Court, and there is a strong chance he'll win. It's not really fair that they are playing the system as they are, but anyone paying attention has got to impressed with the lawyer Blagojevich chose.
In my book, that cat is likely to be the next Johnny Cochrane.