Meg Whitman To Run for Governor of California at BettyConfidential.com: "Governor Arnold Schwarzenegger is barred from running for a third term in 2010 by term limits. He served more than half of former Governor Gray Davis' term after Davis was recalled in 2003, which counts as a full term under the term-limit law. There has been some recent discussion by California legislators about changing the law.
Whitman, a moderate, who could fund her own campaign, is considered potentially a strong candidate. But she has rivals. Another anticipated GOP gubernatorial candidate, Insurance Commissioner Steve Poizner, is also a billionaire from Silicon Valley. But Whitman, like Poizner, could face a difficult Republican primary against a conservative candidate, such as State Senator Tom McClintock."