It is very exciting when something foreseen works out exactly as predicted. We had mentioned that Jayalalitha's strategy of joining the Third Front was an eyewash. (Link here)
Its easy to see Jayalalitha is the 'leader' in the current 'Third Front' but she clearly does not belong there.
I expect her not to make any overt moves in support of Modi, and hold the "PM" card in "third front" for as long as needed.
Jayalalitha's first signs of breaking off with the key Thrid Front member is no chance. This opens up two possibilities, either a explicit alliance with BJP (post poll) or a member of Mamta+Naveen+Jaya combine. The latter of course does not make any sense for serious aspirer like Jayalalitha.
And regarding her rebuttal of CPI and CPI(M) by offering just 2 seats combined, we had hinted something like this could be in works. Here is what we said:
These moves effectively occupies the strategic positions before any of the rivals could even make their move. In other words, Jayalalitha went on offensive and took the best positions, and make her intent clear to her rivals and allies, now everybody else will have suit their strategies to suit Jayalalitha's strategies and not the other way round.
To conclude we can see Jayalalitha's playing to perfection by being a BJP's 'trojan' in Third Front and by weakening the coalition. With increasing constraints as election approaches, its very hard for the Third Front to be stitched up again, though I would not rule it out. Mamta's theory does gain much traction here, but does it have enough to carry out in full?