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Whether the new Wallace will have the appeal of the feisty bantam of old is another matter. In Alabama, at least, the transformation seems to have been accepted. Wallace launches his candidacy for a third term as Governor this week, and he is considered a shoo-in. Only one serious Democratic candidate has filed against him for the primary this spring; no Republican has yet declared. "Anyone would have to be a nut to run against Wallace this year," concedes former U.S. Postmaster General Winton M. Blount, who was considered to be the most likely G.O.P. candidate. Wallace has not only the white vote; he is also expected to win at least half the black ballots—an astounding turnabout for the man who in another era stood in the school doorway in Tuscaloosa to keep black students from entering.