Yay!!!!

Now that we've dispensed with Iowa and New Hampshire and their 48 combined pledged delegates (let's assume they keep their superdelegates), Obama only needs to get to 1976 total delegates.

There would be 875 delegates left (566 pledged delegates and 309 super delegates).

In order to reach the new total of 1976, Obama could win as few as 43.3% of the remaining delegates.

But let's take that further. Under even the most conservative delegate estimates, Hillary and Obama will split the remaining 566 pledged delegates evenly (assuming a couple big Hillary wins and a few small Obama wins). If that happens (unlikely - more likely that Obama picks up a few elected delegates), then the final total (before undecided supers) will be:

Obama: 1880
Hillary: 1772
Obama +108

That leaves 309 undecided superdelegates. For Hillary to get to 1976 delegates, she would need to win 66% of the remaining superdelegates.

Yay! Let's discount Iowa and New Hampshire!