While I think having the Terminator for president would be amusing, I don't think any laws need to be changed to allow him to run. Where as Reagan was an actor, he was politically active his entire life, even while acting. Arnold is more of an actor who got the idea to dabble in politics.
Even if Hilary Clinton was running in 2008 and the ONLY hope of the Republican party was for Arnold to run, I wouldn't support changing the constitution for it.
Of course 2008 should be Hilary vrs Rudy in my book
