For an assessment, albeit a depressing one, of the outcome of the Iranian elections, read Juan Cole.
For an alternative opinion on the relative meaninglessness of the elections, read this NY Times opinion piece by former Bush administration member and senior fellow at the Council on Foreign Relations, Elliott Abrams. (I have to say, in a crooked way, this is probably a realistic assessment, if a little disheartening, of what just unfolded in Iran
To regain a little cheer, read Ed Brayton from Dispatches From The Culture Wars.
UPDATE: Adding this beautiful article by Robert Fisk.