Its worth noting that back in May, in response to the red shirt protests and as an act aimed at reconciliation (at least it was stated to be that), the Prime Minister Abhisit offered new elections in six months time. The protest leaders chose to reject that offer, and the results were more bloodshed and a perhaps a widening of the political divide.
The reason that I bring this up is that it is now approximately six months from the time the new elections were offered. If things had gone as offered; and there is certainly a possibility that something else could have derailed said plans; we would now be gearing for an election Thailand. The red shirt followers of former Prime Minister Thaksin would have a chance at leading the government again.
Sometimes its worth the wait.