If Ezra's right about this, the pragmatic import of Harry Reid saying "We’re leaning towards talking about a public option" for good lefty folk is "Call your Senator now, especially if you live in Maine, Nevada, Montana, or Connecticut." If the public option makes it into the floor bill, there's no way they're going to be able to strip it out. But if it doesn't, it'll be very hard to put it in.
Meanwhile, Nancy Pelosi is going to push forward with a public option that reimburses at 5% over Medicare rates, and use "the fiscal responsibility of the robust public option to win over enough skeptics in her caucus to pass it." I continue to be in love with a 69-year-old woman.