Goodness! This could end up in the Supreme Court. We may have a democrat candidate who is selected, not elected. 
indeed - If FL and MI make a difference as to who the candidate is or isnt it will have MAJOR reprocussions within the Dem party
A ) if Hillary wins by using those delegates, then 'the fix' was in, she cheated, was selected, etc etc....
B ) if Obama wins without those delegates counted, then he is the candidate of voter disenfranchisement.
The other big problem with a Hillary win-by-decree is many blacks who have voted for the first time for Obama will feel disenfranchised themselves and most likely not vote in the general - more bad news for Dems.
And, its clear they have both burnt a lot of bridges so its almost impossible that they would put the loser in the VP spot.
With McCain, we may not win, but it may turn out that the Dems lose the race for us.