At least according to James Fallows, of the Atlantic:
Oh Calm Down ('Huntsman 2012' Dept)
JAN 1 2011, 4:53 PM ET
Several friends in China have written to ask what I think of this Newsweek report that Jon Huntsman Jr., currently the US Ambassador to China, is planning to run for the GOP presidential nomination next year.
What I think is: Are you kidding?
Anything is possible in politics, so this could be too. But this is why it is wildly improbable.
(...)
Let's start with the most obvious deal breaker. The basic narrative of the "out" party, when a first-term president is running for a second term, is "Your Administration is Wrecking Our Country! We can't stand Four More Years! We need a basic change." That is what every Republican will have to say about the Obama Administration.
Huntsman is
part of the Obama Administration. He is right in the middle of dealings with America's most important foreign-policy partner/challenge. So in the GOP Primaries, how exactly is he going to out-Obama anyone else in the field, given that he has served Obama (and, yes, the country) so loyally? The retorts from all the other Republicans are almost too easy. "If Ambassssadorrr Huntsman is so concerned about the Obama threat to America, then why,...?"
And if he got through that process, he would run against his current commander-in-chief .... how? And why? What is the issue of principle so important that it compels him to challenge Obama's continuation in office, but has not justified any disagreement while he's serving now? "Huntsman 2016" would be a very logical inference from his current position. "Huntsman 2012" would require suspension of basic laws of politics and common sense.
http://www.theatlantic.com/politics/archive/2011/01/oh-calm-down-huntsman-2012-dept/68737/ I agree with Fallows. Huntsman 2012, not so much. Huntsman 2016, very probably.