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A vote for a third party candidate with no hope of election is wasted in the same sense that a vote for Bush in Illinois or Kerry in Alabama is wasted - in a plurality vote (the candidate with the most votes wins, everyone else goes home) in a very uncompetetive area will be next to useless.
On a different level, it can be argued that a vote for a third party candidate or whomever will be, in fact, useful at that candidate's support can then be guaged more accurately amongst the greater populace.
So it depends how you look at it. Me, I think a vote for Nader is important, because it will help Bush get elected for the first time. So, if you are in a swing state, as a Bush-despising American, I ask you to vote for Kerry. Or engage in vote swapping with someone from a non-swing state, which is also legal.
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"You have reached Ritual Sacrifice. For goats press one, or say 'goats.'"
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