Erm, About That Reconciliation Thingie

Another commenter, Fonsia at Daily Kos, says the same thing I saw from another over at TPM last night:

Notice that Bush's tax cuts are quietly going away this year. Why? Because they were passed through reconciliation.
Large chunks of this bill didn't have anything to do with the budget, so they couldn't have been included. Also, Kent Conrad is chair of the budget committee, and has always opposed things like the public option. He would be the one in charge of basically writing anything that went through reconciliation.
You'll get your reconciliation and lots of good things will be added, but you have to have an established law to add them to.
The House will pass the Senate bill. Obama will sign it. Then, the House will get right to work on a bill intended for reconciliation (the House has to designate that before a bill goes to the Senate). In that bill will be all the compromises worked out over the last few weeks and perhaps some other nice things (although probably not the public option because Kent Conrad has always opposed it--and I hope I'm proved wrong about that).
Congress is going to be adding to and amending this bill for decades to come.

Still haven't seen any mention about whether they still have to face procedural cloture votes over in the Senate. I sort of suspect not, because then it couldn't work.
Frank's still saying it's dead.