This has changed a bit, since the nets finally called PA for Kerry, but the picture of the presidential election coming across on the tube and the underlying reality are pretty different.
Unless you buy into the theory that the exit polls have systematically and nationally undercounted Bush's vote, most of the key states still out lean Kerry. In Ohio, Michigan and Wisconsin--states where the raw vote being shown on television gives Bush the lead--much of the key Democratic counties are still out. Kerry's pulling ahead in New Hampshire. And we don't know much from the west.
Turn off the tube, take a nap, and check back in the middle of the night.