Read this post by Ezra Klein (who in my opinion has this HCR shit down better than just about anyone) and explain to me why the Senate can't pass something now that meets President Lieberman's vendetta-based objections, and have Obama sign it into law. The day after that happens, they start the reconciliation process and take a Public Option and shove it right down the collective throat of Lieberman, Ben Fucking Nelson, President Snowe and every other "Centrist" asshole that's made this process a nightmare.
Did I forget to mention the GOP? No. They are irrelevant.
The only way for Reid and even Obama to regain standing with me after this fiasco is if that is the endgame. If not, then I find it impossible to believe any of them had serious intentions about real reform.