New Yorker Obama Magazine Cover: Tasteless Or True?

The cover of the July 21st issue of The New Yorker Magazine features a cartoon character of Barak Obama and his wife Michelle celebrating with a fist bump in the Oval Office in front of a portrait of Osama bin Laden and an American flag burning in the fireplace. Michelle Obama is dressed as a militant radical, while Barak Obama is dressed as a muslim.
The Obama campaign calls The New Yorker Magazine cover 'tasteless', while others will call the depiction of Obama and his wife 'true'.
The cartoon image on The New Yorker covers is a true reflection of the rumors about Obama, but is the magazine cover a reflection of the truth, or a tasteless reflection of rumors?