I'm curious what you consider to be Obama's moral failings, to say that he would not have passed in the 80s.
I speculate you are right, though, that less people these days would give a flip about whether one modeled for a underground fetish publication in the late 1960s, even if true.
Unfortunately, there are still a significant amount of people who would have an issue with this. But to me (and probably others), the claims made say nothing about Ann Dunham (even if they were true). But they say a heck of a lot of negative about the authors of what seems to be the primary source of this muckraking [2].
[1] https://skeptics.stackexchange.com/questions/11135/are-these... (link warning, possibly NSFW) [2] https://en.wikipedia.org/wiki/Dreams_from_My_Real_Father