The story on AP's latest poll has the following headline:

AP Poll: GOP pick is 'none of the above'

That's the headline resulting from the latest AP/Ipsos poll finding that 23% of Repubs are undecided in the 2008 GOP presidential race. The poll has Giuliani at 21%, Thompson at 19%, McCain at 15%, and Romney at 11%.

AP reporter Liz Sidoti writes in the first three paragraphs: (emphasis added)

And the leading Republican presidential candidate is ... none of the above.

The latest Associated Press-Ipsos poll found that nearly a quarter of Republicans are unwilling to back top-tier hopefuls Rudy Giuliani, Fred Thompson, John McCain or Mitt Romney, and no one candidate has emerged as the clear front-runner among Christian evangelicals. Such dissatisfaction underscores the volatility of the 2008 GOP nomination fight.

In sharp contrast, the Democratic race remains static ...

According to the report, this percentage of undecided voters is evidence that Repubs are 'dissatisfied,' but it's not until the 14th and 15th paragraphs of the story that we read this:

Andrew E. Smith, a polling expert at the University of New Hampshire, said the number of voters in flux is no surprise, given that the primaries aren't for another six months. "People really don't decide who to vote for until the last couple months or days," he said.

On the Democratic side, 13 percent declined to back a candidate, and of those who picked a candidate, some may be willing to change their minds.

It's interesting how a 10-point difference in the parties' undecided voters six months before the primaries -- 23% for Repub candidates and 13% for Dem candidates -- is reported: the undecided Repubs are "unwilling" to support a candidate, "dissatisfied" with their choices, or "apathetic" towards the field.

Meanwhile, the fact that 13% of Dem voters are undecided receives no such similar description; presumably, the Dem undecideds are just undecided.

Nuance.

Just for the sake of comparison, AP/Ipsos' last poll about 10 days before the 2006 mid-terms had the Dems winning Congress over the Repubs by a margin of 19% points in a generic poll; the Dems actually won the aggregate 2006 congressional vote by about 8% points.

Meanwhile, the Real Clear Politics average of all polls shows Rudy Giuliani with an almost seven-point lead among Repub primary voters; RCP shows Hillary Clinton with a 14-point average lead among Dem primary voters -- six months before the first primary is held.

Take from it what you will.