VSE won't survive the US presidential election, especially if Obama is elected. Expect very, very bad times for NASA if that happens - a gutting of NASA's federal funding not seen since Carter.
If Clinton or McCain get in, expect Mike Griffin to go along with the Ares I and V. Orion would get built, but will get moved to an EELV and be used for Earth orbit ops only.
One way or another, VSE is dead when Bush goes.