David Frum sees through it:
Zac Morgan has aptly termed Perry the “Teastablishment candidate.” Perry’s whole strategy relies systematically on having things both ways. Thus far, Perry has succeeded better at his mission than Romney. But the fact that Perry is better at pandering than Romney should not obscure attention to the fact that he is indeed engaged in pandering at least to one constituency, and more likely to both.
Conor Friedersdorf notes that Perry has abandoned another federalist position and is no longer willing to leave abortion to the states.