What new meaning does Othello have for us in the era of Barack Obama?

I’m sure this has been discussed before in the Shakespeare blogosphere, ad nauseum. Admittedly, I’m a little late to the party. But while this was a common subject of discussion during the presidential race and the early days of the current administration, we’ve now had time to digest our thoughts and see what Obama’s presidency entails.

Race relations have changed since Obama’s election. That’s not to say racism is eliminated in the United States. It’s still an issue. But that issue is different. How can Othello be relevant in this new context? Is it any different?