As Glenn Reynolds observed, hedging won’t help Kerry avoid this story:

KANSAS CITY – (KRT) – Confronted with 32-year-old FBI records, Sen. John Kerry’s campaign all but conceded he attended a 1971 Kansas City meeting where a fellow anti-war veteran called for political assassinations.

Nor will it help the Kerry campaign to push the story that Kerry was a victim of FBI, and that this was a badge of honor:

KETCHUM, Idaho – Reports that the FBI monitored John Kerry’s antiwar activities in the early 1970s are both “a badge of honor” and a troubling example of government intrusion into peaceful and legitimate protest, a Kerry spokesman said yesterday.
“Revealed in page after page of FBI reports is the portrait of John Kerry at age 27 speaking with courage and conviction, leading veterans to Washington for peaceful protests, advocating nonviolent protests and moderation,” spokesman David Wade said.
…..”He knew it wouldn’t be easy,” Wade said. “The Nixon White House set out to destroy him because he was a credible voice speaking up for veterans. Now we learn that J. Edgar Hoover’s FBI was following his every move.”

The above “badge of honor” story was in my local (Philadelphia) newspaper. But the story about the assassination meeting was in the New York Sun.
If the stories of Kerry’s attendance at a meeting where assassinations of members of the U.S. Senate were discussed (even voted upon) are true, then Kerry is ill-advised in portraying himself as a victim. (More here.)
Hoover’s FBI — or, for that matter anyone’s FBI — would have been seriously, dangerously amiss had they not kept track of people who took it upon themselves to attend meetings discussing the assassinations of United States senators.
Either Kerry is very foolish, or his handlers are incredibly stupid (possibly blinded by their ideology). Either way, it doesn’t look good.
If he wants the stories about the assassination meetings to go away, why is Kerry literally bragging that the FBI’s monitoring of him is a “badge of honor”? If it turns out that he was present while assassinations were discussed, what “honor” is he talking about?
To ordinary Americans (you know — the kind of people who don’t sit around and discuss assassinations of senators), it might begin to look anything but honorable.

Organizations that plot the assassinations of American politicians for political ends (or any reason) are hardly in the same league as Martin Luther King, Jr. Kerry’s participation in the debate — confirmed by witnesses — requires an explanation as to why he never notified authorities of the plot, even if he did argue against it and resigned shortly afterward.

In Kerry’s defense, it should be noted that he says he resigned from VVAW before the assassination discussions took place.
Well, I guess we should be glad to hear that, and we should hope it’s true. After all, we don’t want a president who actually attended meetings where such things were discussed.
Do we?
I think that under the circumstances, though, some people might still be confused about how being monitored by the FBI was a badge of honor.
If I were Kerry, I’d lose this badge as fast as I could.