I feel that this is a great moment in our country's history in terms of race relations. It symbolizes racism's decline in our society, and although we have not yet fully overcome racism yet, the fact that an African-American was elected president shows we are headed in the right direction.
As for the actual inauguration celebration, I would like to note that while this is a great moment in our country's history and certainly warrants celebration, we've probably gone a little over the top with the festivities. Are four days of celebration really necessary? More importantly, with the country in the recession that it is in, why are we spending $150 million on this? That's just about triple the cost of any previous inauguration.
I really don't want to make too big of a deal out of it, because it honestly shouldn't warrant too much attention, but just an observation.