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Did you listen to Clinton's speech last night? Or her words praising Obama over the last few weeks? Or the many times she has said that he would be a good candidate? If so, then how can you say that she hasn't acknowledged him. What she hasn't done is concede that she has to drop out now, before ANY of the votes are officially counted at the convention. She has refused to shortcut the process and just let him have the nomination, which is what he has been demanding for over a month.
Did you listen to Obama talking about how hateful Clinton was, throwing "Everything but the kitchen sink" at him, saying she was a liar, emotionally unbalanced, and a dirty campaigner? She dared to suggest that she would be a better candidate and a better President, so he attacked her as insulting him. Did you even see him "Mocking" Clinton? Good grief - does listening to Obama cause mass amnesia?
If Obama carried half the vote and Clinton won, you can bet that he'd be looking for concessions, and possibly a VP slot. He's just as much a politician as Clinton. Maybe more so. She got 50% of the vote. That is very, very significant. Your guy won with either a scant majority of votes or fewer votes, depending on how you count it. You can talk all day about the delegates, but, numerically, they will account for virtually none of the electoral votes in November, while Clintons supporter's will count for at least a quarter of the votes. You can convince them to vote for your guy and win, or you can let Obama hope that Republicans decide to vote for him over McCain and get the worst trouncing since Mondale.