However this turns out I think you've pointed out the most valuable part of it. Anything that promotes a general attitude of suspicion and contempt for the leviathan federal government we now have is a good thing.
Speaking for myself, I've pretty much learned my lesson(s) over the past two decades, and even if 'conservatives' take the federal reins back, I'll never trust (or respect) it again. This isn't to say that the local yokels are any more 'virtuous' either, but they might be a little easier to watch and control.
Obama doesn't have what it takes for my opinion of him to improve to "suspicion and contempt".