OMG... when is this Obama-mania going to end. He hasn't even taken office and Time already named him Person of the Year.
He got person of the year for what exactly? Winning the election?
This is almost as lame as 2006's Person of the Year. The one year when writers for the magazine decided they wanted to take Christmas vacation early and declared YOU (as in me-third person) as the person of the year.
Not only does that whole notion defeat the purpose of having a PERSON (singular--as in one specific person) of The Year, but it defies reason why Times would think that we're (you) so great it would dedicate a cover story about the vague characteristics of us (you).
Among the people that have been listed as person of the year are George W. Bush (twice, 2000 and 2004), Vladimir Putin (2007), Albert Einstein (only once as man of the century), Ayatullah Khomeini (1980), Joseph Stalin (twice), FDR (three times), Adolf Hitler (1939-that "was" when socialism was fashionable) and many other political characters.
All in all, Time Magazine isn't a good judge of character. Generally, they like all other magazines act as a business. If they're going to put someone on the cover (even as "Person of the Year") they're doing it because they know that the demographic that comprises their readership will be hooked, entertained, or enthralled and buy and the magazine as a result.
I remain skeptical that Obama, as Person of the Year, is anything less than a good way to sell magazines... after all more than 50% of Americans voted for him, so that's a good demographic to sell magazines to.
Edited for clarity.