Obama definitely has the better chance of winning VA than Killary, but it would take a nation-wide landslide on Obama's side to definitely claim VA. Killary would have had a better shot at winning the state if she wasn't "Clinton," since she does pander to the moderates much more than any other leftist, since VA is definitely a Blue Dog state. However, as history shows, the Democrats rarely put forward a Blue Dog candidate, which is why it tends to go GOP, even when the state-level races go to the Democrats.
Which is exactly why Mark Warner would've been the perfect Democratic candidate for VA. If he runs in 2012, he might also be competitive in NC.