Although no indictment was announced for Rove, 54, the White House deputy chief of staff, today's proceedings did not remove him from legal jeopardy. Sources close to the case said the investigation of Rove is continuing.
If Cheney's also involved, they'll probably want to get Rove first (to have more evidence to use against the higher-up).
If I had to bet on the outcome, it would be that any indictments won't go higher than Rove.
But we'll see.
[edit:] There's also this bit in a Washington Post [link|http://www.washingtonpost.com/wp-dyn/content/discussion/2005/10/28/DI2005102800985.html|Q&A transcript]:
Amherst, Mass.: What do you make of the fact that numerous officials are identified in the indictment by their official positions (e.g. "Under Secretary of State), but "Official A" is treated differently?
Robert G. Kaiser: Good question, and I can't answer it authoritatively. I recall, but am not certain of this, that we have earlier reported that Libby and Karl Rove had a conversation of the kind described in the indictment that occurred between Libby and "Official A." I am trying to get Walter Pincus to clear this up for me right now, but he is busy. We know from Matt Cooper of Time that on the date of that conversation, July 14, 2003, he and Rove had a conversation about Plame.
We're trying to clear up which of two undersecretaries of state this could have been, Marc Grossman or John Bolton. (There are other undersecretaries, but they have narrow and specific areas of responsibility which, I believe, disqualify them as potential iterlocutors with Libby about the Wilsons. I could be wrong about this.)
Cheers,
Scott.