My take on this:
It is bad news that Portugal lost as I hope they get through on account of their great style of play. Portugal should still get through as they should beat the other two teams. I expect Poland to trample the US into the ground, therefore the US vs Korea game could be quite important.
Its a pity that Figo was clearly not fully fit, and one or two of the team are past their prime (Vitor Baia & Couto for instance), however Portugal have a guy who was outstanding in the under 21 tournament recently (Vaino?). He orchestrated their win over Englands U-21's.
Personally I have really enjoyed the World Cup thus far, and although it is a cultural thing, dont be surprised is "Soccer" gets more popular in the US in the future, especially if it is getting bigger at grass roots level.