Turns out I was more of a pessimist rather than an optimist when I thought the cardinals might need one more day to find a new supreme pontiff, as the catholic world now has a new pope, the German born Joseph Ratzinger, who chose as his papal name Benedict XVI.
It'll take a while to learn to say that, since for all my life the title of the pope has seemed to be "pope John Paul II" (in Finnish it sounds more like a single title - paavi Johannes Paavali - especially if it's said quickly) and all the Benedicts were just names from the past.
What is interesting, is that the cardinals in their conclave decided to choose Ratzinger, who now became the oldest pope chosen in a century or so. His papacy will not, I think I'll be safe to assume, be nearly as long as his predecessor's, since he is already 78 years old. Maybe he was chosen, because the church doesn't want a second consecutive papacy as long as John Paul's was. But they do seem to want the conservative line to continue, since Ratzinger is known to support the late pope's principals in many ways.
Time will tell, I suppose.
(I missed the white smoke by probably just a minute or so, as I was flipping back and forth from BBC's coverage to other programs, darn it. But I did get tuned in on BBC before it was confirmed that the smoke was indeed white and before the bells of St. Peter's began tolling. And I did catch the Latin declaration of "Habemus papam!" Yay. That's tv-entertainment.)