Harper wins a minority, somewhat bigger than the one he had but not as big as the majority he wanted. Layton doesn't get all the seats he wanted, Dion definitely doesn't get all the seats HE wanted, and May didn't win.
So the only guy who's really happy is, yep, Gilles Duceppe. The separatist.
From here on out, back to Obama crushing the holy hell out of McCain.
(And maybe a bit more "whoopie! Krugman got the Nobel!")