Let's see if I have this straight:

1. The invasion of Iraq, and its timing, were justified by the risk that, if we waited, Iraq would acquire and stockpile more WMDs and more delivery vehicles, or alternatively supply them to terrorist organizations.

2. The chief U.S. weapons inspector has now reported that Iraq, at the time of the invasion, had no chemical, biological, or nuclear weapons and no capacity for producing any, but that Saddam Hussein remained intent on procuring them once sanctions were lifted.

3. No one was in fact proposing lifing sanctions at the time of the invasion.

4. After the release of the report, the President of the United States says that "There was a risk, a real risk, that Saddam Hussein would pass weapons or materials or information to terrorist networks."

5. The Vice President of the United States says that the report shows that "delay ... was not an option."

Right. There was a real risk that Iraq would give things he didn't actually have to terrorists. And the finding that SH had an intention of doing something in the future when and if sanctions were lifted meant that leaving the sanctions in place and waiting before invading "was not an option."