So it looks like we may have elected the very Republican-like Democrat instead of the very Democrat-like Republican; we'll have four years of continued Democrat-like expansion of Presidential power rather than four years of new Republican-like expansion of Presidential power. Now that nothing's changed we can see if President Obama will actually get around to that Change thing we kept hearing about.
Of course, officially the President hasn't actually been elected yet: the actual Presidential election is the Monday after the second Wednesday in December, and that in turn has to be given a certified count by Congress in January. Election Day is the beginning of the official constitutional process, not the end. But since states tie their choice of Electors to party performance in the state popular vote, the numbers are more or less set, allowing for occasional deviations of Electors.