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Originally Posted by T.S.  Good question. 
I hope the Libertarian Party keeps growing to the point of someday being some serious competition to the Republicans and Democrats in high positions. |
Honesty I think the better opportunity comes with the future of the green party. Libertarian's while well meaning have not been able to drink enough red bull and sprout wings. They don't have the backing of the old line press and are considered by most to be a little "off the mark".
The greens however, have the backing of Hollywood, and the old press. Being an ultra liberal organization, the radical left finds a comfortable home within the green party. The only thing holding the movement back is the idea that a green vote is the same thing as a vote for the republicans. (much the same has also held many Libertarian's back also).
With the backing of the media, and with it being a newer movement, the green party can have a huge impact. Either way, if a third party were to get enough support to win even a strong minority, then there would be the need to build a coalition with another party. This would is a wierd sort of way just lead right back to a 2 party system.