I had a quick post up at TFT last night imploring Democrats to seize the opportunity that Senator Shelby has handed them. They should make a public spectacle out of his unprecedented hold and move quickly to reform the Senate's fillibuster rule.
Ezra Klein has a good post with background on holds and the fillibuster process, he also largely comes to the same conclusion as I have.
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A new Senate rule, along the lines of "every objection must be seconded to be recognized" would solve much of the hold problem and wouldn't pose the same loss of minority party power issues that a full bore filibuster repeal does.
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