Besides his big political baggage, Gingrich has no discipline and is, quite frankly, an unlikable asshole who will have zero appeal outside of the base. Back during his heyday he was always running off at the mouth with stupid statements which got him in trouble and his recent comments about child labor and the work habits of poor children show things haven't changed. Eventually he will self-destruct, it is only a question of when.
Bingo.
It's not that Gingrich is "too conservative" to be elected, it's that he's someone most Americans wouldn't want to get within 50 feet of and is his own worst enemy. He'd need a massive anti-Obama vote to win. Possible, but pretty damn hard for him.