Americans have come to regard North Korea as the greatest threat to U.S. security in Asia. But another challenging situation could be brewing within the borders of one of Washington's closest Asian allies. Taiwan is set to elect a President to a four-year term this weekend, and the outcome, security experts say, could have a profound effect on U.S. relations with China. Beijing considers Taiwan a renegade province but has in recent years been content with a murky status quo--one that permits de facto independence for Taiwan so long as it doesn't formally separate from China. But incumbent President Chen Shui-bian...
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