Obama had his fanny handed to him in the first debate, and it was highly entertaining. However, I don't expect that to happen to him on the second go around. You can bet that, 1) The Obama team is going make sure The One is prepped and properly practiced for the next debate, 2) The moderator of the next debate, Candy Crowley of CNN, has been given instructions to make Romney pay for winning the first debate.
Plus, the Stupid Party is well known for squandering victories. I'd expect nothing less from Romney's team.