Many commentators have criticized the Supreme Court\u27s New Federalism decisions as excessively formalistic. In this Article, Professor Eid argues that this standard critique is wrong on both a descriptive and normative level. Descriptively, she argues that the standard critique mistakenly downplays the extent to which the New Federalism decisions consider the values that federalism serves, and contends that they employ the same sort of formalism/functionalism blend that is found in the Court\u27s separation of powers jurisprudence. Professor Eid then contends that the standard critique\u27s normative prescription - a case-by-case balancing test that would weigh the federal interest against the burden on state sovereignty - will fail ...