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The major media and the “political punditariat” always are inclined to follow the horse race aspect of any campaign. As media consultant Mike Murphy humorously said recently on NBC’s “Meet the Press” program, “the pool of national political reporters are like a bit like a Tyrannosaurus – 30 feet tall, sharp teeth, red meat-eating, with small brains, but they can follow movement.”

Watching only the shiny moving objects this past Tuesday would indicate that former Massachusetts Gov. Mitt Romney very narrowly won the Iowa Caucus over former Pennsylvania Sen. Rick Santorum. The real importance of the Iowa Caucuses, however, may not be his eight-vote victory. Rather, the truly significant aspect is the winnowing of the field in the “Not Romney primary.”

In fact, Romney’s difficulty in cracking through an apparent support ceiling among GOP primary voters and caucus participants has led to a virtual parade of aspirants to the “Not Romney” mantle in this year’s nomination contest.

After Iowa, it seems clear that Mr. Santorum has become the true leader of the GOP’s “Not Romney” primary contest.

All of the political air that had filled the Palin-Trump-Bachmann-Perry-Cain-Gingrich bubble had to go somewhere and in Iowa that somewhere was to the campaign of Rick Santorum, the only contestant not to have a turn at being the “Not Mitt Romney” candidate. His timing was fortuitous, message clear and pitch-perfect for Iowa Caucus goers, and he failed to implode as others had done before him.

At this writing it’s becoming increasingly clear that Mr. Romney has a current “floor” of about 18-23 percent of the Republican primary electorate and a hard “ceiling” ranging from 25 (Iowa, South Carolina, Georgia) to 40 percent (New Hampshire, Michigan, Massachusetts), depending upon the state. In a six- or seven-candidate caucus or primary field, that’s almost always enough to finish in the top three, and sometimes first. As the field winnows, however, a hard ceiling of 25-40 percent rarely prevails.

It seems clear that former House Speaker Newt Gingrich will now turn his rhetorical fire toward Romney, which seems unlikely to improve his own standing, but will very likely hurt his target, thus making him more vulnerable to a Santorum charge.

Performance in the nomination contests through Super Tuesday will largely be expectation-driven. The punditariat has already begun saying that should Romney score less than 40-45 percent in New Hampshire, he will have insufficient momentum to be successful in South Carolina, Florida and the Super Tuesday states of the South. Santorum has been in the low single digits in New Hampshire (and elsewhere) and his impressive showing in Iowa already is being discounted as a “one-state wonder” in some quarters. If, however, the Pennsylvanian places second in the Granite State and Romney finishes in the 30s rather than the 40s, the fight for the nomination will essentially become a two-man race.

The serial movement of conservatives from one “Not Romney” candidate to another, and the former governor’s lack of growth among self-described conservatives suggests that he has emerged as their least favorite option. This is anything but a catbird seat for someone hoping to win the GOP presidential nomination. Romney does have large amounts of campaign and Super PAC money, but conservative dollars are sitting on the sidelines just waiting to flow to the eventual “Not Romney” primary contest winner.

The days and weeks ahead will put all remaining GOP candidates to the test. Considering all that we’ve seen so far, how this ends is anyone’s guess.