Seriously, nothing will happen if not even the comparably bright people on this site is able to digest the fact that politics in the US is more complicated (and, indeed more broken) than "democrat good, republican bad". They're pretty much all scum, and the few honest people seem to be pretty well distributed across the parties.
Every politician does whatever they can within the rules (and then some) to get elected, but some want to change the rules because, for example, banning corporate donations would probably hurt Republicans more than Democrats.
But finally, and my most important point: No, Republicans, to the extend they have a common position doesn't want campaign finance reform. But neither does the democrats (to the extend they have a common position). Most significantly, a very prominent Democrat broke his pledge to take public financing in the face of raising heaps of money and outspend his opponent 2:1.
I mean, perfectly honest, Democratic congress or not, is Obama going to get behind serious campaign finance reform?
Seriously, it's part of their platform.
In the same way that companies distort regulations of their industry to thwart competition, politicians will ensure that public campaign financing rules will prevent newcomers (e.g. tea party, green party, etc) from ever getting elected.
The best solution I can think of is public financing of elections, but I am very pessimistic about such a law getting through Congress, even if the Democrats retake the House in 2012.
¹According to figures gathered by the Campaign Finance Institute, it costs about $1.3M to win a House seat and about $7.5M to win a Senate seat. (http://www.cfinst.org/data/HistoricalStats.aspx)