I don't think Meredith should be the favorite at all...I'd put the (sadly taken) Campbell Brown as the favorite. She actually has the opposite problem that Katie has...she's more known for her hard news ethic and doesn't come out as big in the lighter stuff according to pundits. I think she does a fine job alongside Lester on the weekends. But seeing as how a deal may be done soon, I dunno...I see Meredith, if she indeed signs the dotted line as a transitional host. A 4 year deal, and that's about it, friends.
The talented Natalie Morales is likely going to be groomed to be filling Ann Curry's spot, no doubt that Natalie is the rising commodity at NBC News. Ann Curry...not big on her "newsreading" personally.
Alexis Glick shouldn't be let near the show, and hence she won't be again. She was really ill at ease...stick to the stocks, my friend.
Now, I don't wanna get off on a rant here, but Katie Couric is really going through with the most lucrative career suicide in entertainment history! She may make a hell of a lot more dough, but she's gonna lose any credibility she has. This is not to say that she had much to begin with. I mean when you are more known for your high pitched voice (for which CNN sent her packing), your attempts of dressing half your age, and your interviews with "Hollywood Hunks", I don't think you get instant credibility for an evening newscast.
Let me compare/contrast a little with the a one Elizabeth Vargas. Elizabeth Vargas is doing a fine job at ABC...I have no problem with her. In fact, back when they were hiring she was second in line in my pick to get the gig (I was like the consensus in hoping that Charles Gibson would get his due.) Elizabeth has a much harder work ethic and has dealt with more hard news than Couric ever has. Vargas has the credentials to be where she is.
Couric on the other hand...not so much. I'm sure others agree and some disagree, but "The CBS Evening News with Katie Couric" may just make Dan Rather's reign at the newscast look like glory days.
Of course that's just my opinion, I could be wrong...but I betcha I'm not! : )