Could the Ron Paul revolution happen here?

I'm late to be posting about this, but on Monday some 35,000 supporters of Ron Paul raised over $4.3 million for his campaign, shattering single-day online fundraising records. 

Jerome Armstrong, founder of MyDD, wrote an interesting commentary on this incredible achievement of Paul's supporters. The fundraising drive wasn't even orchestrated by the campaign.

Matt Stoller's take on the Ron Paul revolution is here at Open Left.

Is Ron Paul's campaign doing much in Iowa? I see some yard signs and hear some ads on the classic rock radio station in Des Moines, but that's about it. MyDD linked to some tv ads Paul is running in NH–they are pretty amateurish:

http://www.mydd.com/…

I realize that as a candidate, he is better suited to the political culture in New Hampshire than Iowa, with more religious conservatives. Still, with the money he has in the bank, he could make a very strong ad buy in Iowa. Admittedly, it's late to be putting together a field operation here.

What do you think? Is there any potential for Paul to finish in the top three in Iowa? 

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