Thanks for your thoughtful blog entry, James. There's no way of knowing if the Obama presidency will play out as you foresee it, but I sincerely believe those in the gay community who are so ecstatic at Obama's election now will be much less enthusiastic in four or eight years.
It seems, too, that the champion of change is busy loading his administration (cabinet and staff) with retreads from the Clinton administration. Do all those voters who did not want four more years of George Bush (McCain) really want four more years of Bill Clinton? Obama may be at the mercy of the Clintonistas and a Democratic Congress and be unable to make any of the changes he intends.
This would be a good time for someone to document everything that Obama promised to the gay community. The list should be limited to what was actually promised and not include what is only hoped for. (We may be surprised how little was actually promised.) Then we could keep score for the next four years and see what is actually accomplished. I expect some sad faces.
Here's an interesting article about the first disappointment Obama has already handed to gays.