I liked much of what he had to say (e.g. the war, Hamas, tax cuts, open markets, new supreme court justices, cutting failing programs and earmarks).
He did propose some new, stupid, spending programs (e.g. more government research on energy and battery technology, more school teachers, AIDS treatment), but they seemed more modest than the outrageous programs of past years.
I was disappointed by the foolish call for bans on research and trade related to human cloning, and embryos.
I guess Bush made it clear that he’s steadfast about the war, recognizes that he now has less political capital to promote ambitious new programs, and still pays lip-service to the concerns of the religious right.
So, all in all, there was some good and some bad.
But, it could have been a lot worse.