The general line on New Jersey is that Corzine is likely to run again. He's got enough money and clout such that he should be able to avoid a primary fight, even if he stays as unpopular as he is now (or gets even more unpopular).
The likely Republican candidate looks to be Chris Christie, who has been making some not so subtle gestures regarding the race. Christie actually has a decent shot at things—he's a highly accomplished and well regarded prosecutor—but there have been some recent mini-scandals that have tarnished his squeaky clean image.
Corzine is favored to win, of course, but it probably won't be a huge landslide.
What has harmed Christie as of recently?
NJ Dem congressmen have muddied him up. He awarded John Ashcroft multi-million dollar no bid contracts which then led to his subpeona along with the AG. This forced the justice dept to stop this practice, which further enforced a sense of wrong doing.