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THEN (2005 General Election Result)

Labour 35.3%
Conservative 32.3%
Liberal Democrats 22.1%


NOW (based on independent poll of polls) http://www.ukpollingreport.co.uk/blog/uk-polling-report-average

Labour 26%-34%
Conservative 35%-40%
Liberal Democrats 15%-21%

based on the latest polls.......

worst case scenario for Labour and best case scenario for Conservative would result in a 21-25 seat majority Conservative Government

worst case scenario for Conservative and best case for Labour would result in a Labour majority of 6 seats 

my guess would be we're somewhere the two extremes but looking at it in more detail, the tories at best are sitting on 40% if that drops even 1% to a 39% share of the vote, we're looking at a hung parliament

you can have a play around with the swingometer here
http://www.telegraph.co.uk/news/newstopics/politics/2432632/UK-General-Election-2010-political-map.html