It's a small world so if you p1ss people off then it will come back to bite you later - hiring managers may see you worked for company X and call a friend at company X to find out about you.
What do you do? I'm a PM and if I don't complete the project then that looks bad so will always stick it out, but if you are one of many on a helpdesk or somesuch then it probably isn't an issue.
Finally, you'll probably find that the new place is just as carp after a while so unless the money, commute or experience is vastly better then I would stick it out and retain your integrity.
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Week 20 of 21 in current contract (hurry up with that extension!), 22 months until mortgage paid off.
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