This is the first Obama 2012 commercial from the campaign. It’s remarkably modest and low keyed. I think they intend it to contrast (favorably) with the Hollywood style, superhero, over the top Pawlenty ads. Here are both ads. (h/t Dave at The Conservative Lie)
UPDATE: Oy! Sean tell us that the GOP is blocking embeds of their 2012 ad. Not auspicious for their chances in the second decade of the 21st Century.
UPDATE II: The GOP ad is no longer blocked. Embed away!