From the looks of it, the next California governor will be either eBay's former CEO Meg Whitman or Tom Campbell. I hope it's Tom Campbell--he seems very reasonable and has experience as a professor, lawyer, and politician. I like Meg Whitman, too, but Arnold (unfortunately) showed that California politics is too much of an insider's game to favor hard-charging corporate types.
In any case, I am sure most Californians are sick of politics as usual after the budget fiasco, so perhaps we'll get an exciting dark horse candidate. No matter whom Californians elect, the state's main problem is that voters keep approving expensive propositions. For the last time, we don't have any money. Smart Californians should vote "no" on every proposition until California has a budget surplus and can afford to do nice things.