Chuck Todd has a story today on First Read that says there is a potential compromise in the works. The details are below.
The compromise is that both states' delegates would be cut in half. Clinton would net 19 out of Florida and the candidates would split Michigan 50/50.
This plan would halve the votes for all of the Florida delegates, netting Clinton 19 and, more importantly, counting that popular vote. But Michigan's primary results would not be accepted and, instead, that state's delegates would simply be split 50-50 between Clinton and Obama.
All of the delegations, under this compromise, would be seated in full, but each delegate's vote would be counted as 0.5, including the superdelegates.
I'm assuming the splits and netting numbers that are quoted are just the pledged delegates. The super delegates would only get half a vote and would be able to vote for whomever they want to.
That being said, I think the new math is below. I'm sure someone will correct me if I'm incorrect. The new target would be 2118 delegates.
Obama
Pledged 1659.5
Florida Pledged 36.5
Michigan Pledged 32.0
Super 322.5
Total Obama 2050.5
Clinton
Pledged 1499.5
Florida Pledged 56.0
Michigan Pledged 32.0
Super 282.5
Total Clinton 1870.0
This would leave 86 remaining pledged delegates and 217.5 super delegates still to be decided (assuming that the supers from FL and MI are undecided, which isn't necessarily the case).
Obama would then need any combination of 67.5 delegates (22.2% of remaining) while Clinton would need 248.0 (81.7% of remaining).
Update 1: Thanks for the catch on the bad math. I had too many pledged delegates in Michigan. I think the numbers are ok now.