@JPB,
Also not a Democrat, but an Obama supporter.
My thoughts so far:
Iraq/Afghanistan - A: Continued on the security progress already made under Bush. Made it clear we want to leave. Moving to support Afghanistan forces. Completely in line with my expectations
Economy - B: Inherited a tough situation. I'm good with the economic theory behind the stimulus package. It seems like we are going to have a bad recession, but not a disaster. Banking stuff is another bad situation. Maybe could have been handled better. Car bankruptcies done reasonably well. Time will tell.
Middle East - A+: Finally told Israel that the way to lasting peace does not include expanding settlements and made it stick in Congress, in private, and in public. Rejected Israeli diversions about Iran. Nice speech in Cairo. Immediate dividends when the Lebanese rejected Hezbollah. Possible dividends in Iran as well.
War on Terror - B-: Released some torture photos but did not come completely clean. I don't know what is in the remaining photos, so I can't second guess the President, but it seems like backpedaling. Working to close Gitmo. Moving to do away with the "War on Terror" labeling.
Misc:
Supreme Court nominee - A+
Foreign policy not covered above - A (maintained good vibes from election)
Civil rights (most noticeably gay rights) - D (really has been absent)
Handling of Congress - B
Healthcare Initiatives - A (exceeded my expecations this early)