Politico even talks to advisers within the Clinton camp who admit that Hillary has "no more than a 10 percent chance" of winning. After some number-crunching, they note that Obama would still end up with more delegates even if Clinton wins 60 percent of all those remaining—and no way is that happening, given his sizeable lead in African-American heavy North Carolina and liberal, white yuppie-heavy Oregon.
Her only hope, then, is to somehow convince the superdelegates that there's something about Obama that makes him highly "unelectable," which many are on record saying they won't do. (And no, Obama's ties to the shady Illinois pastor do not make him "unelectable.")
So why does the media continue to portray the race as a super close contest that won't be decided until the dust clears in August at the national convention in Denver? Because people will believe anything the Clinton camp tells them because they've worked out of tight jams before. Also, it's a better narrative for newspapers and more fun for journalists. We're not so sure about the latter—we're more than ready to wrap this thing up whenever you are, Hillary!