Give it a read. The essence of compromising is, I think, to have a clear sense of which compromises count as a pretty good deal. And to me this is pretty clear. If you can’t get the public option of your dreams, the “opt-out” idea is still pretty good. It’ll lead to the creation of a big, viable public option and if it works well the pressure will grow on the opt-out states to opt back in. The other compromises involve giving much more away.
Unfortunately, Olympia Snowe also seems clearly opposed to the opt-out idea.