A happy man.
Why is he happy? Well, for one thing, when he goes cruising for a one night stand, it's a safe bet that whomever he picks up is also cruising for a one night stand, and both of them know exactly what they want. Chances are also pretty good that if one of them thinks the other has a nice ass, the one with the nice ass will take it as a compliment (unless this compliment is delivered in a manner that's waaaaay over the top). Sometimes straight men wish things worked like that on their own dating scene.
If the gay man is not cruising for a one night stand, there are probably quite a few geeky, intellectual gentlemen with whom to exchange geeky, intellectual blow jobs on a long term basis, who are also good company for playing Quake, going to the gym, pointless debates, and all sorts of other boy type fun.
The gay man's life isn't all roses, however. There are all kinds of morons, mostly straight men, who simply won't leave him the hell alone. They find it their duty to point out to him that he is an unnatural abomination and is doomed to hell. Anytime a gay man wants the same perks that straight men have, he gets accused of wanting special privileges. Sometimes when he's talking about how his date last night went, or whom he'd like to go out on a date with, he gets accused of flaunting his sexuality. He probably personally knows people who died from AIDS, because gay men were among the first (but not the last nor the only) groups to be decimated by AIDS in this country.
By the time generation-X is in nursing homes, being a gay man will be no big deal, and the hate mongers will have to turn their attention to some other group that doesn't comprise 10% of the male population and a relatively affluent, educated, and politically active 10% at that.