This is a contest that has nothing to do with jobs, healthcare or schools. It's all about who can win the next election for Labor, so both Gillard and Rudd are busily setting out their stalls. With no false modesty, Rudd described his achievements while Prime Minister as "formidable". Gillard, for her part, pointed to her "inner personal fortitude and strength".
It's a relief to hear the Prime Minister finally talking frankly about the man she knifed - and, for the first time, explaining why she did so. Rudd, she says, "always had very difficult and chaotic work patterns ... As dysfunction grew, I did everything I could to try and salvage the situation. I went to extraordinary lengths ... to try and get the government functioning."
Rudd might still be teasing everyone with his procastination, but few doubt that he will stand. Yesterday - aware that while his colleagues might detest him, the public, for some reason, likes him - he appealed to Australians to "pick up the phone, talk to MPs, express your view".
He also wheeled out his wife, Therese Rein, who declared him "strong and courageous ... true to himself". And he sought to harness "people's power" - perhaps hoping for a popular revolution of the kind that toppled the Philippine dictator, Ferdinand Marcos, in 1986.
Kim Carr, the Manufacturing Minister demoted by Gillard last year, declared that Rudd was a "changed man", and he also recalled how effective a campaigner he was in 2007. That, of course, is Rudd's biggest selling-point: he won a landmark election, resoundingly. He himself is raising the spectre of an Abbott victory next time, no doubt hoping to frighten the Labor horses.
Voters might be left wondering who is the real Kevin Rudd. Labor's saviour? Nicola Roxon, the Attorney-General, says: "We need to get out of this idea that Kevin is a messiah who will deliver government back to us." The Devil incarnate? Dracula? "Some senior ministers are intent on putting a stake through Kevin Rudd's heart," laments Senator Doug Cameron, one of Rudd's staunchest backers.
Lazarus? We will have to wait until Monday to find out.