What if Dwight Eisenhower ran President in 1948?

In 1948, while running for re-election, Harry S. Truman asked General Eisenhower to run for President. Truman even offered to be his vice-President, however, Eisenhower refused saying he had no interest in politics. What if he did take Truman up on his offer?

What would his first term be like? Would he be re-elected? How would Truman’s future career change? How would this affect future elections?