By MATTHEW DALY (AP) – 27 minutes ago

FAIRBANKS, Alaska — Alaska Gov. Sarah Palin steps down Sunday giving few clues about her political future, which has been clouded by ethics probes, mounting legal bills and dwindling popularity.

Alaska Gov. Sarah Palin jokes with a picnic goers as she serves burgers at the governor's picnic in Anchorage, Alaska Saturday, July 25, 2009. Several thousand people attended the picnic. Palin will attend one more picnic in Fairbanks on Sunday where she will resign as Alaska's governor. (AP Photo/Al Grillo)

A few things are known: She is scheduled to speak Aug. 8 at the Ronald Reagan Presidential Library in California, and has said she plans to write a book, campaign for political candidates from coast to coast and build a right-of-center coalition.

She also plans to continue speaking her mind on the social networking site Twitter.

"Wrapped up Anch Gov's Picnic, awesome," she wrote in a message posted Saturday. "Now road trip to Fairbanks for farewell speech/changing of the guard. Camper full of kids & coffee."

Palin arrived about 12:15 p.m. Sunday at Pioneer Park in downtown Fairbanks, where thousands gathered for the picnic and her resignation speech.

Among those present was Donna Michaels, 57, of Fairbanks, who wore a red T-shirt that said: "Palintologist."

The T-shirt defined a Palintologist as "someone who studies Palin and shares her conservative values, Maverick attitude and American style."

Michaels also held a poster board sign showing the front page of the Fairbanks Daily News-Miner when Palin announced she would resign. Michaels altered the banner headline "Palin steps down," replacing the last word with "up."

"She's really not stepping down. She's stepping up to do something bigger and better," said Michaels, who attended the picnic with her daughter and two granddaughters, one of whom who wore Sarah Palin-style eyeglasses.

Friend and foe alike have speculated that Palin may host a radio or TV show, or launch a lucrative speaking career. Her political action committee, SarahPAC, has raised more than $1 million, said Meghan Stapleton, a spokeswoman for the committee and the Palin family.

Stapleton disputed the notion that Palin is running for president or has media deals lined up.

"I cannot express enough there is no plan after July 26. There is absolutely no plan," she told The Associated Press. "The decision (to quit) was made in the vacuum of what was best for Alaska, and now I'm accepting all the options, but there is nothing planned."

Palin's surprise announcement July 3 that she was stepping down as Alaska governor 17 months before the end of her first term pushed her favorability rating down to 40 percent, according to a Washington Post-ABC poll. Fifty-three percent of those polled gave her an unfavorable rating.

Last summer, almost six in 10 Americans viewed her favorably. The poll was taken from July 15-18.

Palin is handing over the governor's office to Lt. Gov Sean Parnell at the Sunday afternoon picnic in Fairbanks. Parnell, 46, of Anchorage, has promised to push many of Palin's initiatives, including controversial terms to build a natural gas pipeline.

"Sean knows he has big high heels to fill," said Mark Lewis, moderator of a farewell picnic hosted by Palin on Saturday in Anchorage, the state's largest city.

Parnell acknowledged he is likely to draw less attention than Palin, whose near celebrity status threatened at times to overwhelm her administration. He called Palin "a good, honorable and decent human being who loves Alaska."

Critics have accused Palin of failing to pay attention to the details of governing and say she has aggrandized herself at the state's expense.

Supporters — and there are many in the state and throughout the country — defend Palin as an outstanding leader with a strong Christian faith and unquestioned devotion to family.

Wilson Villanueva, 38, of Palmer, Alaska, attended one of Palin's farewell picnics in her hometown of Wasilla and disputed the idea that she was quitting because she was bored or unhappy in her job. He thinks she is stepping down for a "a greater purpose — to save taxpayers the burden" of defending herself against nearly 20 ethics complaints, including allegations she traded on her position as she sought money for lawyer fees.

Palin cited the financial toll of the investigations for quitting before the end of her term.

"She's not a quitter; she's a fighter. She wants to fight for the Alaskan people and for the greater good nationally," Villanueva said.

Randy Jedlicka, 31 of Anchorage, was less impressed.

He held up a sign at the Anchorage picnic asking why, if Palin can quit before her terms ends, soldiers in Iraq cannot do the same.

"I just don't think it's fair," said Jedlicka, a former sailor who served in the Persian Gulf in the mid-1990s. "A lot of vets want to quit, but they can't."

Alaska's first female governor arrived at the state Capitol in December 2006 on an ethics reform platform after defeating two former governors in the primary and general elections. Her prior political experience consisted of terms as Wasilla's mayor and councilwoman and a stint as head of the Alaska Oil and Gas Conservation Commission.

Unknown on the national stage until Republican John McCain tapped her as his running mate, Palin infused excitement into the Republican's presidential bid. But she also became the butt of talk-show jokes and Democratic criticism, targeted at news that the Republican Party had spent $150,000 or more on a designer wardrobe and what some considered poor performances by the Alaska governor in television interviews.

Former state House Speaker John Harris, a Republican with sometimes chilly relations with Palin, said he respects her decision to resign.

"I think she decided out of respect for her family — and especially her children — the attacks were not going to end until she left office," Harris said.

Palin's future is whatever she wants it to be, Harris added. Palin will be "a spokeswoman for ideals and ideas that she believes in — more conservative government, natural resource development — and she's going to focus her energy on promoting candidates with similar ideas," he said.

Harris, who is seeking to challenge Parnell for governor, said he thinks Palin will run for president in 2012, but said he has no inside information.

Stapleton said the answer will emerge in the coming weeks.

On Monday, "we'll sit down and say, 'OK, here are your options. How do you now want to effect that positive change for Alaska from outside the role as governor?'" Stapleton said.