One thing that Obama did show was that one can bloody the nose of a Clinton. Think about it: a clueless hack with zero experience nearly crushed Hillary. She IS beatable.
IMHO, the love affair that the news is having with McCain is over, the second the Dems wrap up their nomination. Hillary will be portrayed as the second coming of Mother Teresa, but finscally responsible and tough on terrorists. It'll be hard to beat Hillary!, with the entire MSM cheering for her. Like it or not, I think that she's a cunning political operative, and she's got a solid national infrastructure.
Obama is a politicall dilettante that looks good in a suit. If he could keep his popularity going through Novemember, I'd be worried. It's hard to catch lightning in a bottle for that long.
The MSM are sheep...they'll follow whoever they're told to follow. And I guarantee that it won't be the (R) candidate.