UPDATE(8:31 am) Chavez Loses Constitutional Vote
“I understand and accept that the proposal I made was quite profound and intense,” he said after voters narrowly rejected the sweeping constitutional reforms by 51 percent to 49 percent.
Opposition activists were ecstatic as the results were announced shortly after midnight – with 88 percent of the vote counted, the trend was declared irreversible by elections council chief Tibisay Lucena.Some shed tears. Others began chanting: “And now he’s going away!”
Without the overhaul, Chavez will be barred from running again in 2012.
Foes of the reform effort – including Roman Catholic leaders, media freedom groups, human rights groups and prominent business leaders – said it would have granted Chavez unchecked power and imperiled basic rights.
UPDATE: Thanks to Bryan for this link:
A page VenezuelaPress.com we have reached the following results:
NO: 6.534.648 NO: 6,534,648
SI: 5.864.560 SI: 5,864,560
Dif: 670.088 (5,4%) Diff: 670,088 (5.4%)
Estos números son con el 89% de las actas escrutadas, asà que podrÃan cambiar. These numbers are with the 89% of minutes escrutadas, so it could change. Nuestra fuente indica que estos números vienen directo de la sala de totalización del CNE. Our source said that these numbers come directly from the room aggregation of the CNE.
THIS IS A PRELIMINARY REPORT SO LET”S WAIT TO CELEBRATE
————————————————————————————————————————-
Gateway Pundit linked to this Aljazeera report and this Reuters report.

Read Venezuela News And Views for an inside peak into the days events.
10:08 PM and it is still not confirmed..too close to call
Michelle has a good roundup
This will be an interesting thing to see. What’s he going to do if he loses? Who is going to make him give up his office? I think the world is watching. He better be careful.
He lost =d>
Where did my post go? I was here when there were no posts saying that ABC radio said the Nos won.
Yeah…I wonder if the Hollywood suck up crowd is upset. Maybe they’ll go down there and protest. Now that would be telling
I wonder who Hugo is having shot this morning?
Hey, If the Hollywierdos go to protest, do we have to let them back into the US?
Ha ha ha…Al Jizzeera and Reuters on the same (wrong) side calling the election for Hugo…ha ha ha! We know about Al Jizzeera, but Reuters? Roiders, as I call them, has been an anti_America Leftist propaganda organ for years.
Good to see them finally categorized with a like-minded organization…
Hi Robert!**==
7, and the left wonders why we don’t consider them legitimate sources of information.
8, Hi, BonBon.
Hi PCD….I hope you’re having a great day!!!:)>-
Good afternoon, BonBon! Happy Monday!
10, BonBon, unfortunately I’m not. I feel as frustrated as Hugo Chavez this day.