Do recent Iraq arrests mean that Zarqawi is captive?

The folks at Powerline sure think so. Commenting on the story today that 2 more Zarqawi operatives have been caught in Iraq, blogger Hindrocket observes:

It seems pretty clear that one of two things is happening: either 1) the Iraqi authorities have steadily rolled up Zarqawi's network to the point where they are on the doorstep of catching the master terrorist himself; or 2) rumors that Zarqawi himself was caught several weeks ago are true, and the reason why his closest associates are now being captured is that Zarqawi is squealing on his friends.

Don't be shocked if the Iraqi government makes a blockbuster announcement on the eve of Sunday's election.

It is tempting, so very tempting, to believe we caught this guy, but given recent luck in Iraq, my guess is that Iraqi and coalition troops are busting their ass and are approaching a capture of Zarqawi, not that they already have the guy.

I would love to be surprised. And ditto that for Osama as well.