While it may be too soon to put them on the endangered list, latest reports shows GOP registration droppijng as fast as the dollar (well, not quite that steep - there’s not much can match that ignominious descent.

The Gallup poll crunches the numbers:

PRINCETON, NJ — The percentage of Americans who identified as Republicans in 2007 is the lowest of any of the 20 calendar years since 1988 that Gallup has conducted its interviewing primarily by telephone. An average of 27.7% of Americans identified as Republicans, based on more than 26,000 Gallup interviews in 2007. The previous low in Republican identification was 28.1% in 1999.
Meanwhile, 32.5% of Americans identified as Democrats and 38.6% as political independents last year. The latter percentage is on the high end of what Gallup has measured in the last two decades, surpassed by only the 39.1% independent identification average from 1995. The high point for Democratic identification came in 1988, when 35.6% said they were Democrats.

Handy graph to save and share:

Alan Fram over at AP reports with less pessimism, though the picture is still not a good one for red staters out there.