Gut feeling right now? Tories biggest party by 5-15 seats but short of a majority by anything up to 40. Lib dems won't win enough seats to form another majority coalition with them. Not enough small party support to beat the red block of lab/SNP for any sort of austerity budget so he tells her Maj that he can't form a government. Ed Milliband will then have to decide if he is going to form a minority govt and pray that the SNP won't act like spoilt brats or back track on everything he's said in the campaign and go into formal talks about a coalition or confidence and supply agreement. Neither is particularly good for the country. I think there's another election within 12-18 months. The Tories are led by Boris, the lib dems (dependant on re election) by ED Davey and labour by Ed.. If he fails to win an outright majority that time (having appealed to the Scottish voters to end the chaos) then He too is out, hopefully in favour of Andy Burnham but I suspect more likely to be Balls or Cooper