By mid-1942, the Philippines would have been far more formidable to take - the Filipinos drafted in late 1941 would have had time to train, the US units scheduled to reinforce would have all arrived and, for example traded their light tanks for mediums and 75mm artillery for 105s. Also, several additional fighter and bomber groups were scheduled to go.
The US would have probably actually shipped MORE Lend-Lease in 1942 than it did, since the Army wouldn't have been racing to activate divisions that then sat around in CONUS for 2-3 years. Historically, Marshall fought to keep as much equipment as possible for US forces to train with, without active US involvement, a lot of this is freed up (along with the shipping not taking US forces overseas).
Also, without the Burma campaign, the Commonwealth forces that historically went home in early 42 (2 Indian Divisions, 2 Australian Divisions and 1 British Division) would quite possible have forced Rommel to evacuate instead - historically, a huge quantity of veteran troops and aircraft were pulled out right after the Crusader battles, thus giving Rommel a totally unexpected chance to recover from the DAK's virtual destruction.