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As I understand it the Electors aren't really bound to vote for any particular person and can choose to vote for anyone who is eligible. Since they are picked by the party and are known to solidly back the "winner" of the popular vote the conclusion is foregone.

Now, if the "winner" is suddenly declared ineligible... well, then it gets interesting.

What I find hard to believe is that someone has gotten this far along in the process without his eligibility being absolutely, beyond question, 100% verified.

As I understand it the Electors aren't really bound to vote for any particular person and can choose to vote for anyone who is eligible.

Well, not really.

List of Electors Bound by State Law and Pledges, as of November 2000

and

Must electors vote for the candidate who won their State's popular vote?

The Supreme Court has held that the Constitution does not require that electors be completely free to act as they choose and therefore, political parties may extract pledges from electors to vote for the parties' nominees. Some State laws provide that so-called "faithless electors" may be subject to fines or may be disqualified for casting an invalid vote and be replaced by a substitute elector.

A problem is that Obama isn't the President-Elect until Dec 15th so the Constitution is mum on what the procedure is right now.

I agree. If the guy is ineligible it's amazing that he's gotten this far. His Illinois law license stated "no alias". But he was Barry Soetoro in Indonesia. No one even checked back then. Then again, what am I thinking? Illniois vet someone?!