Alaska Senate UPDATE: Murkowski Concedes; Miller Victorious

Alaska Senate UPDATE: Murkowski Concedes; Miller Victorious

Incumbent US Senator Lisa Murkowski (R-AK) will address the media in a few minutes.  If the rampant speculation that she is preparing to concede the race turns out to be true, this development would mark an enormous triumph for the Tea Party movement.  I'd also imagine it would be a rather satisfying moment for Sarah Palin, who was ridiculed for endorsing the likely winner, Joe Miller, and whose long-running political blood feud with the Murkowski family is well known.

UPDATE (10:19 pm ET): CNN reports Murkowski is conceding. Her tone and attitude toward Miller will be crucial.

UPDATE...