UPDATE: Defense Secretary Robert Gates was asked today about the WikiLeaks disclosures and he said this:
“Now, I’ve heard the impact of these releases on our foreign policy described as a meltdown, as a game-changer, and so on. I think those descriptions are fairly significantly overwrought. The fact is, governments deal with the United States because it’s in their interest, not because they like us, not because they trust us, and not because they believe we can keep secrets. . . .
“Is this embarrassing? Yes. Is it awkward? Yes. Consequences for U.S. foreign policy? I think fairly modest.’’
To recap: warnings about the dangers from WikiLeaks are "significantly overwrought" and the impact on foreign policy: "fairly modest." So it appears that the political class and its eager enablers in the media world and foreign policy community have -- as usual -- severely exaggerated national security threats in order to manipulate the public and its emotional reactions. Shocking, I know.