The fact that Obama did not graduate with any honors has been confirmed by Columbia. Check the underlying link.
Interesting. But I note that in the comments somoone claiming to be a Columbia student says that Columbia only gives honors to students who are there at least three years. I don't doubt that Obama's Occidental grades may have weighed down his 4-year average as well, although having attended another Ivy league college, I do not recall encountering any totally unqualified students who transferred in.
You can toss that denial in the same pile as Obamas claim that he never knew Rev Wright was a racist and that he didnt know anything about Ayers past. Watch the link on YouTube in which Sutton explains the situation.
I did watch it a few weeks ago and at first I thought it was quite believable. But the fact that they even deny that Sutton wrote a letter, that no one else has connected Obama and al-Mansour, and the fact that Obama did not need the purported Saudi financing since he had taken out loans close to the full tuition cost, leaves the story entirely reliant on the memory and veracity of an 87 year old man.