The speech
It was not great, but it was good enough.
Like many others, I thought it was too long in the beginning, and I'm afraid many viewers dropped out before he got to the good stuff.
I could have done without the return of "compassionate conservatism," to be honest. If you subscribe to Thomas Sowell's definition of compassion as "the use of tax dollars to buy votes," then I think we've seen quite enough of Bush's compassion already.
Still, it was a solid speech and a good delivery, if nothing spectacular. The stakes were high, and he did well enough.