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McCain lost because he is not a true conservative.
The same thing will happen to Romney.
I don't think so. I think he lost because he wasn't a credible Notbush. We were looking for a Notbush, which is why he ran as a "Maverick", but not enough voters believed him.
IMO Romney is electable if he can get past the extremists in the Republican party and get the nomination. If Santorum or Gingrich get it, then Obama is a shoo in despite the economy and the deficit. If Romney gets it, he can play on his experience saving economically failing institutions. He's also a likable guy, which helps.
The RWENJ may not like Romney because he isn't "conservative" enough, but the mainstream voters will see him as a viable alternative to Obama and a possible leader who may turn the government around financially.