This is historically true.
The case of Schenck v. United States was decided in 1919 and was an obvious deference/capitulation to the Executive/Legislative [at the Constitution's expense]... and the supreme court is wont to cave to the politically expedient: Wickard, Kelo, Roe, Gonzalez, etc.
Possible is possible. It might be possible to get a ruling out of this that favors Hobby Lobby if the argument is (or has been) made that a religious employer courts a religious clientele. The reaction to Chik-Fil-A is a case in point. They’re trying to balance God against Satan which is ridiculous on its face.
The situation of a packable court doesn’t exist here as it existed in Roosevelt’s day. Not while the GOP holds the House and won’t expand the size of the court for Obama to pack it.
However even plan B, if painful, would be worth it in the long run. Christian firms that want to stay Christian won’t expose themselves to the vagaries of secular corporatedom, with Hobby Lobby (which I figure will probably close if losing this case [if not find some other way to sidestep, such as turning into franchises]) the cautionary tale.
God will always work around Satan, if His servants don’t shrink from suffering in God’s name. Servants who suffered will always be justified, and if their message of gospel wasn’t accepted, the wrath of God will be incurred by those who inflicted the suffering.