Yeah, Walt/Hank has been brewing since the first episode, but after this episode, Gus might actually be my favorite character. As you've said, I'm caring less for Walt and never really liked Jesse all that much. Gus just dominates every scene that he's in. He's captivating to watch; the actor playing him is doing an incredible job.
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Yoblazer: http://i33.tinypic.com/ml36gl_th.gif
Watch and you'll see... someday I'll be... part of your world!