We obviously won't know for sure until FISA reaches the Senate floor, but two things spring to mind: Pragmatism, and political showmanship.
Pragmatism is the safe bet. Obama, Presidential nomination notwithstanding, is still the junior Senator from Illinois. It's true that he has momentum going for him... but that's not the same as political capital.
Bearing that in mind, it may be that he sees greater benefit to his election efforts by avoiding a fight now and biding his time until after the election. At that point he would be in a position to not only revisit FISA, but to appoint progressive (and Constitutionally-minded) Supreme Court justices who could potentially strike it down on Constitutional grounds. In any event, I for one am confident that it would be added to the laundry list of laws and executive orders that would be reviewed and likely overturned in the first year or so of an Obama Presidency.
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