Israeli Exit Polling (UPDATED)

Exit polling out of Israel shows that I was wrong in predicting a larger than expected showing for Likud. I was wrong. I apologize a THOUSAND TIMES. Here's the story, via CNN:

JERUSALEM (CNN) -- Acting Prime Minister Ehud Olmert's new centrist Kadima party was projected to claim the largest share of parliamentary seats in elections Tuesday, according to three Israeli TV exit polls.

The party, formed by Prime Minister Ariel Sharon late last year when he broke from the Likud bloc he helped form in the 1970s, snared between 29 and 32 seats, according to the exit polls. If the results hold, Kadima would have the largest bloc of seats in the 120-member Knesset.

However, Kadima's projected showing was weaker than forecast, meaning party leaders will have to look for coalition partners. The top prospect to join forces with Kadima is the Labor Party, for which the exit polls projected a stronger-than-expected showing, at an estimated 20 to 22 seats.

The dark horses in the election were the socialist Pensioner's Party, which was projected to win between six and eight seats, and the Israel Beitenu Party, which is made up largely of Russian immigrants and was projected to take 12 to 14 seats, according to the exit polls. Sharon's former party, Likud, was expected to corral 11 to 12 seats.

CNN is also reporting that Netanyahu has admitted that the elections results are a "body blow" to his Likud party.

UPDATE: More, via Haaretz.