"This is a big event," Ornstein noted, "but we are event driven and there are going to be a lot of other events" between now and Election Day 2012.
Democratic strategist Donna Brazile said, "Overall, this should help the president with independents and others who continue to express disapproval at the political environment in Washington, D.C. But it might never change the views of those who have opposed President Obama from the jumpstart.
"Bottom line: It's still the economy and while bringing bin Laden to justice is a cause everyone approves, most Americans are also anxious about their economic futures as well."
Former Republican National Committee chairman Michael Steele told ABC News' "Top Line" that likely GOP presidential candidates won't be deterred by Obama's moment in the spotlight, which, he said, was well deserved.
"This election will turn on the economy, jobs and what people feel is in their purse strings, purses and wallets," Steele said, "unless there is another incident or flare up in the Middle East that dominates the next year."
ABC News' Gary Langer contributed to this report.