Personally, I think it will happen unless we can get the word out to the chickenhawks and the head-in-the-sand types. If those two groups realize that their (or their children's/grandchildren's) butts are on the line, they will protest.
Here are some draft info links:
http://www.bushdraft.comhttp://www.sss.gov/PDFs/NovDec2003-Register.pdfSee page 6. Plans are being prepared to draft people with technical or medical skills, between the ages of 20 and 44.
http://www.guardian.co.uk/Iraq/Story/0,2763,1184960,00.htmlThis Guardian story reports that members of the military injured (physically or mentally) are being sent back to Iraq long before they are fit to return, simply because the troops are stretched so thin.
I've heard arguments as to why the draft won't happen. I think it's a better idea to make sure it doesn't happen, than to assume it won't.