If you were an IOC member would you vote for a city where a senior government offical that governs the city bidding for the games was accused of this stuff? Keep in mind the past corruption that the IOC is still trying to distance themselves from as well. The last thing they want is more taint.
With the review and bid stuff happening during the summer of next year (along with a major bid document being due in Feb) we are looking at the real chance of a Blagojevich trial falling during this window.
If he is still in office and being tried before the selection date on 10-2-09 then I would think the bid is hosed.