Just an afterthought.
Let's face it, Obama is an historic president. Technically, he's African-American — though, he's not descended from slaves. That makes him the first politically correct president in our history. (Oh, I suppose one could argue FDR was first for being handicapped in office). So Time, Newsweek, CNN are justified following a traditional news formula for determining a story's newsworthiness.
But knowing this media as we all do, one is still left to wonder, if the first African-American president had been Republican, would Time, Newsweek, CNN still have featured that president as prominently?