DeLay's not completely in the clear yet, though. There are still some charges remaining. I doubt those will stand up very long at trial, however; it took the DA three grand juries to obtain those indictments in the first place, and since a competent DA can get a chicken sandwich indicted, that just hows how weak the case really is.
I don't expect those who were crowing over the now-rejected indictment to admit that it just might have been a political trick designed to get DeLay out of the leadership position he held, though...