Essentially, the exit polls (which are notoriously inaccurate and tend towards the left here), show that the right-wing won the elections and the left-wing lost. But they also show that the public has little faith in Binyamin Netanyahu. Moreover, they show that Tzipi Livni ran the race of a lifetime and will have the capacity to make life difficult for Netanyahu.
All in all, the public apparently has little confidence it its leaders, but less confidence in the Arabs.
I discussed the results on PJTV tonight. This is the link.
I was also interviewed on the Lars Larson show and it should be broadcast on his national radio show in the US later on, check your local schedules for information.
I assume I'll write a full-blown post mortem on the elections for my Friday column so stay tuned.