The timing isn’t horrific for President Obama, but it does mean that it is very unlikely that there will be a vacancy on the Court between now and then in which he can put in a liberal Justice that could conclusively tip the balance of power in the court to the collectivist interpretation of the Constitution.
The Court has decided the following, the details of which you can delve into at SCOTUSblog:
The Court will hold two hours of argument on the constitutionality of the requirement that virtually every American obtain health insurance by 2014, 90 minutes on whether some or all of the overall law must fail if the mandate is struck down, one hour on whether the Anti-Injunction Act bars some or all of the challenges to the insurance mandate, and one hour on the constitutionality of the expansion of the Medicaid program for the poor and disabled. The Court chose those issues from appeals by the federal government, by 26 states, and by a business trade group.
If the court strikes down Obamacare as being unconstitutional, and that all of the law must come down, then the signature achievement of the President’s Administration will be nullified, which would seem to further dampen his hopes of a successful re-election bid in 2012.