PPP's latest poll, the first Iowa poll in several days, finds Paul leading Romney 24 to 20:
Paul's strength in Iowa continues to depend on a coalition of voters that's pretty unusual for a Republican in the state. Romney leads 22-20 with those who are actually Republicans, while Paul has a 39-12 advantage with the 24% who are either independents or Democrats. GOP caucus voters tend to skew old, and Romney has a 34-12 advantage with seniors. But Paul's candidacy looks like it's going to attract an unusual number of younger voters to the caucus this year, and with those under 45 he has a 35-11 advantage on Romney. The independent/young voter combo worked for Barack Obama in securing an unexpectedly large victory on the Democratic side in 2008 and it may be Paul's winning equation in 2012.
Nate Silver parses the poll:
The most interesting thing about the latest polls in Iowa (which are the basis for our forecasts) is that they essentially show a four-way tie for third place among the Republican presidential contenders, with Newt Gingrich, Michele Bachmann, Rick Santorum and Rick Perry all projected to receive between 11 and 14 percent of the vote.
Jonathan's Bernstein's takeaway:
Of the six, only Ron Paul is a lock to finish in the top three. Anyone else could finish as low as 6th place, although I'd be a bit surprised if Romney did. It's hard to see Paul finishing worse than third.
The Dish 