It's Arnold, according to CNN's projections. He's ahead with about 1,084,922 votes, compared to bustamante's 671,462 with 19% of all precints reporting in.
Of course, with only 19% reporting there is still some wiggle room, particularly on the Recall decision, with is divided by a mere 10% between yes and no (55% yes, 45% no). It could be Indecision 2000 all over again as far as the media's projections go.
But if Arnold is governor, then may God have mercy on us all...