There are some interesting conversations and debates underway at thenation.com (see especially Chris Hayes at Capitolism, "Left Out") and in the progressive blogosphere (see Glenn Greenwald, Jane Hamsher, Digby and David Sirota about why Obama has so few progressives among his cabinet picks.) It's worth checking them out.
I think that we progressives need to be as clear-eyed, tough and pragmatic about Obama as he is about us.
President-elect Obama is a centrist at a time when centrism means energy independence and green jobs and universal health care and massive economic stimulus programs and government intervention in the economy. He is a pragmatist at a moment when pragmatism and the scale of our financial crisis compel him to adopt bold policies. He is a cautious leader at a time when, to paraphrase New York Times columnist Paul Krugman, caution is the new risky.The great traumas of our day do not allow for cautious steps or responses.