Obama will win in Indiana and then nomination.
This article states that Obama is favored to win in Indiana due to these factors: a large black vote, name recognition, money raised and both begin on an equal footing (unlike Pennsylvania).
Obama will win the nomination. He has raised more money from more voters and he has more delegates. If the opponents say otherwise, just tell them, look at the numbers.
Hillary's new spin is that she has more popular votes. This is only possible if Obama gets zero votes from Michigan. Assuming this, Hillary would be ahead around 100,000 votes.
Many ask why Hillary hasn't dropped out or why Obama has not crushed Hillary's chances? Hillary has right to choose to stay in race until the very last delegate vote is cast at the Democratic convention when a nominee is finally chosen. The number of delegates for each candidate will be tallied and Obama will be chosen as the rightful nominee for the Democratic party. Even if he wins by one delegate, he is still the winner. The numbers say so.
At this point, Hillary won't have anything left to spin (but I bet she will anyway judging from her past record). So just be ready everyone.