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I'm not so sure. She is a political animal and has lived, breathed and defined herself as a political animal since high school. Why would she give up a safe Senate seat, increasing Senatorial power and global prestige to serve in an Obama administration? Barry is a goof and the international mistakes are bound to be impressive. As S of S, SHE takes the heat for the president. That's the job.
I can't believe she would EVER allow him or anyone else (except Bill) to tarnish her political brand.
Besides, if Obama is qualified to serve as POTUS and he seeks re-election, she may well be out of a job in 4 years and that would end her career. NO WAY NO HOW!!!!
Look at Colin Powell. He wasn´t tarnished by Bush. Sure, he has tarnished himself by being an idiot, but he has succesfully distanced himself from the administration in most people´s mind.
I think she wants to be in a position of power, and this is the best she can do at the moment.