Essentially, the exit polls (which are notoriously inaccurate and tend towards the left here), show that the right-wing won the elections and the left-wing lost. But they also show that the public has little faith in Binyamin Netanyahu. Moreover, they show that Tzipi Livni ran the race of a lifetime and will have the capacity to make life difficult for Netanyahu.
Here she is on PJTV.
Not all the votes have been counted yet (about 200,000 active military votes are left) and these usually go to the right, meaning Netanyahu may come out ahead by the end of the day, or tomorrow. Yoni the blogger shares his thoughts on possibilities for a Likud victory here.




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