Interesting thread, some thoughts from a non-American outsider who's watched this race with interest (me):
For all the flack it takes, I think the the Electoral College is not a bad system. During most of America's history the electoral college vote has more or less accurately reflected the popular vote. Sure there are a few abnormal years like 2000 where the popular vote doesn't line up with the electoral vote (and consider that had a recount taken place in Florida, Gore would have likely won in 2000 and that year would have followed the normal trend).
The big problem with a popular vote system is that you often end up with endless run-off elections and/or third party candidates with regional or "special interest" agendas sometimes get elected with less than 50% of the population's support. The U.S. system as it is now is a very good one, set-up with many checks and balances.
What I do think Americans should be concerned about - whether you're a Democrat or Republican - is that soon all three branches of the U.S. gov't will be in the firm control of one party (I know the Supreme Court is supposed to be bipartisan but we know that's not really the case). America has handed a blank cheque to one party. That's not what the Founding Fathers ever intended for the U.S.
Interesting to hear that polls were done in various countries before the election and virtually every nation on earth (the exceptions were Russia, Isreal and a few small islands no one has ever heard of) did not want to see George Bush re-elected. I've seem some U.S. media outlets spin stories like this in the past as global anti-Americanism. It's not.
Except for a few weird countries like Cuba, Iran and North Korea that are run by tin pot dictators and assorted other Fruit Loops the world loves America even if we are pretty anti-Bush. It's just that the "Bush Doctrine" and the whole concept of going it (almost) alone, pre-emptive invasion and abandoning international institutions like the UN and the Geneva convention really freaks everyone out. Many of the post-9/11 policies - whether you agree with them or not - unquestionably go completely against the ideals that America spent the 50 years prior to Bush spreading around the world.
Whether you're on the right, the left or stuck in the middle like me I'd encourage all of my American friends to just remember the values that make America the great country it is - truth, liberty and justice for all.
You guys sneeze, the rest of us catch a cold. You're the good guys, please fight the good fight. We need you. If you're not on side the rest of us are in a whole lot of trouble.