Hi chaps,
Just thought I would give a Palace fans perspective on all this. Our Boards are all going a bit made, with people saying Dowie is leaving to manage you guys. This is pretty much based on seeing Dowie's odds getting lower though, not through any source that might have heard something.
At the moment Dowie is only contracted until the end of the season, however, as it has already been mentioned, all the back room staff he has bought with him have just signed 4 year contracts. Dowie considers his back room staff (John Harbin the fitness coach and Bob Dowie) very important, so if he does move to you I would be sure that he would stipulate that those two come with him, and thats where it might get a bit messy and expensive.
Personally, I wouldn't begrudge him the move to you. Your obviously a bigger more established club. However, I would maybe start to question his loyalty a little. Although you may be bigger, there are certainly a number of bigger/better clubs than you. So if he does continue to do well and maintain his reputation for being one of the countries best up and coming managers, it will only be a matter of time before he jumps your ship to join someone else.
I hope he doesn't go, and beleive you will be better off get Hughesy, but thats just my opinion.
Anyway, best of luck whoever you get.