If it happens, relieved.
I've wasted far too much of my life discussing this elsewhere, but...
As an unabashed lefty (and the current Labor party has SFA to do with the left), the only love I have for Julia is that she's not Abbott. Regardless of political alliances, I know I'm not alone in thinking this way, seeing as a) Abbott still struggles to get over a 50% approval rating and b) its VERY hard to find anyone with something positive to say about his policies, other than the somewhat worrying "he's not Julia"...
The Gillard-Abbott era will be remembered as very dark days in our political history. Ironically, the only thing that could put some shine on Julia's longer term legacy is if Abbott gets the job and f$%ks everything as hard as I'm sure he will.
We're doomed if we stay in the frying pan, doomed if we jump into the fire.
So at least Rudd might be able to turn down the heat in the frying pan until the Liberals bring the fire under control.