Needless to say, that hasn't stopped folks in the press (this year and last year) from overanalyzing this sucker.
This is a story that belongs on the front page of ESPN...and that's about it.
Don't get me wrong, if an analyst wants to crush the President by saying something along the lines of "Picking Georgetown over Ohio State, he's lost his mind" is fine by me. That's the coverage I expect. But "Picking Georgetown over Ohio State, he's going to alienate Ohio votes" is the very reason why I hate reporters sometimes.
Update (March 18, 2010: 5:29pm) : Extended Cut: