To me yes its possible for a Third Party. In many ways now
it looks like the re-establishment of re-made political parties. Democrats moving to Progressive, and a real Third Party possibility is the tea party re-made into a Christian party
If you look at Becks rally today as an example, I think a Christian party (Tea Party re-made) to Offset a Progressive Party (Democrats re-made) and a Republican Party (Liberal Capitalists re-made) are very Possible now.
If it happens it could Guarantee Obama another 4 years, because not enough strength to vote him out, between a three party split. Hmmm! Very Interesting Question, Very