Question Du Jour: .25 or .5 - what are your rate cut predictions?

Everyone is buzzing about tomorrow's Fed meeting. The question seems to be will there be a .25% or .5% cut to the Fed funds rate (currently at 5.25%)? Most are weighing in at .25% but some are predicting Bernanke goes big with a .5% cut. Personally I question the effectiveness of any rate cut in smoothing out problems in the credit markets. And I'm not alone. While most Wall Street firms are calling for at least a .25% reduction (wonder why with the CDO meltdown?) some cooler-headed folks question the help it will provide to the market: The odd man out is Scott Anderson, senior economist at Wells Fargo Economics. Anderson argues that the Fed should not lower the Fed funds rate, but said they will just for the "psychological effects it could have on financial markets."