As an Illinois native and, until very recently, a resident, I think that he has nailed it.  I especially like the money shot:

I am not saying that Obama had any connection with this particular eBay treatment of his old Senate seat. But he had lots of connections with lots of other funny business — and Chicago politics is like a clapboard hamlet up in the Appalachians where people have been marrying their sisters and cousins for over a century, and the last thing you want is to have something happen that makes the authorities send some people up there to give everybody a DNA test.

The last thing that Obama wants is, you know, somebody asking questions about his political associations and the type of machine politics that he and his cronies practice.

The diary of Blackhedd is another good place to watch. 

This is going to be ugly no matter how it pans out.

Cross-blogged at Incredible Colorado.