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Yeah sonofloud, you got it all wrong.
One black president doesn't change centuries of slavery, racism and oppression, and doesn't change our racially unequal society in the present.
Just like pointing to one rich black person like Oprah Winfrey (I'm not sure why people looove using her so much as the example) doesn't change the fact that so many people still live in poverty, and that the rates of poverty are still much higher for blacks and latinos.
Nope, one black president is not the end of anything. It's one step - an important step - in a a long, long battle against racism and oppression.
So as far as you're concerned, sonofloud, the dragon has not been slain at all. The battle is still just beginning.