Who the network puts on at 1Am is not really going to make or break the show.
They aren't targeting 50 year old males, they are targeting 18-30 year olds that can actually stay up past midnight. So while some of you may hate fallon he may bring in the younger crowd.
I thought Conan was adequate except for the awkward, excessive laughing coming from his sidekick, Andy Richter. Richter appeared to be more uncomfortable than Conan last night.