indeed

ArmsControlWonk.com: Taepo-Dud

The North Korean have now blown it by actually testing a system that was always worth much more as a bargaining chip than as a military capability. Continued attempts to hype the threat (by either the DPRK or the National Missile Defense Agency) will now be much harder to make with a straight face. (Good thing the Senate added funds to the anti-missile program last week, before it became clear Kim was drawing to an inside straight). Finally, all those reporters and analysts who have been talking about both the North Korean missiles and the US anti-missiles as if both were proven capabilities should slap themselves in the face and snap out of it.