I have read that there are people proposing a run for President by Sarah Palin and possibly a run by a Cheney/Palin ticket. While nothing is impossible, the likelihood of such a ticket is - let's just say extremely limited. Here's my reasoning.
Palin has a truly fervent support group, but it's probably not as large by itself as Huckabee's was in 2008. She's a Dominionist with the belief that government should be controlled by evangelicals (like herself) who rule with the Bible as the ultimate source of law. That's the identical belief held by the Ayatollah in Iran and by Mahmoud Ahmadinejad. That belief leads to that same philosophy and structure of government as in current Iran, except with a different book. Since Palin is an evangelical herself, she has the support of those like her who vote identity politics. They'll never dominate America, although they certainly do dominate much of the South, Texas and some of the Midwest. But they are a minority even there, who only get political dominance because of the fervency of their beliefs.
Then there is the fact that Palin has always quit her state-wide offices before the end of the term when she could not do the job successfully and began to fail. She can't deliver what she promises her supporters. She is an inherent outsider. She is not competent to perform as someone who is an insider and who has to be depended on. That's simply beyond her.
Palin only got state-wide jobs in the first place because Alaska is such a small and insular state and because she represents the small but fervent evangelical political group who votes identity politics. She'll never stand up to real competition. Her incompetence is now clear, her actual record of performance is too checkered, and her sick evangelical dominionist religious beliefs will scare off too many voters. She'll wither like a snowflake in front of a blast furnace. Which, of course, is why she resigned from the previous council she was on as well as resigning as governor. When I was in the artillery I would have described enemy on a battleground like that as a target-rich environment.
Then there's Dick Cheney. With Cheney's heart troubles, he isn't going to run for President, assuming he lives that long, and that's not very likely. He's on borrowed time right now. The stress of running would kill him, and if that didn't happen, he wouldn't last a single term. And he knows it himself. Don't expect him to run or to be open to an invitation to run. He'd rather live longer and influence the debates.
Cheney for President in 2012? He is not likely to live that long.
Neither person is any more likely to get the Republican nomination than Ron Paul or Mike Huckabee was in 2008. Plan on it. It ain't going to happen, folks.