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First of all, the electors are bound by law to vote with the popular trend in most places, and do so anyway in the rest, for the most part. But I still think it sucks a lot of dick. Here's why:
When a popular vote is unclear, the laws in some places allow the electoral votes to be allotted by means that are not determined by the popular vote (like Florida in 2000).
Also there's the possibility that, through the movements of people, a popular vote can come out differently than the electoral vote, because the allotments are only redone every 10 years (every census). Events such as the Great Depression can cause huge migrations, and the affect on local politics would be even more pronounced now, because more people are likely to still vote thanks to technology.
And, least likely is the possibility of rollback of those laws requiring electors to vote with the popular vote, which are at the state level. I wouldn't have thought this was very likely until recently, but the intrusion of the national parties into more and more local races shows that the parties might be capable of that kind of coordinated multi-state effort, now. All they'd need to do is elect a few state legislators in a few key states for one term, and the damage could be done.