I didn't see the whole game, but saw enough early on to realize the Lakers were in trouble, even though they were with the Rockets until the 4th.
Houston's defense is causing the Lakers to be a jump-shopoting team, and that isn't their game. Without drives by Kobe, (he's going to need help getting by Artest, a very unusual thing) the Laker offense is stagnent. Bynum got into foul trouble early, and LA can't afford that. Gasol looked somewhat intimidated by Yao out there as well.
This game was played at the Rockets tempo, which means they controlled the game. The Lakers are going to make a few adjustments and get better play out of Gasol and Bynum if they're going to come back in this series. And that won't be enough unless Fisher and Ariza can find their stroke. It doesn't look like Kobe's going to get 40 in this series.
Both first round matchups so far have seen the favorites lose at home. Orlando is much better than the Celtics, and I doubt if Boston will be able to find a way, as Hedo and Lewis are too much for Boston's interior without Garnett.
It's too early to say LA can't win. Jackson is good enough at making adjustments that he may be able to find a few wrinkles, but I'm not sure if LA's backcourt is up to doing what they have to, to win. Houston's not giving up easy baskets and without that the Lakers are in a fight at a disadvantage.