She’s certainly dead for 2008. The Clintons are about to become the two biggest McCain fans on the planet, albeit in the closet. If McCain wins then Hillary will have one last shot in 2012.
If Obama wins the general election, the Clintons will have to wait until 2016 for their next shot.
Therefore, they have a driving interest in making sure that Obama loses the general election and by enough of a margin to end his presidential aspirations for good.