Coleman concedes. It's Senator Franken Now!

Update 4:28 p.m. ET: Minnesota Gov. Tim Pawlenty has released a statement announcing that he will sign the election certificate, which clears the way for Franken to be seated in the Senate. "In light of [the] decision and Senator Coleman's announcement that he will not be pursuing an appeal, I will be signing the election certificate today as directed by the court and applicable law." Earlier, a spokesman for Senate Majority Leader Harry Reid said Franken could be seated as early as next week.