Do you think this is satire or is it offensive?

There are boxes of Obama Waffles on the market.(Not widely)
The inventors of the product have said the product was invented strictly for satire reasons. It has all of the myths that have surrounded Obama in this campaign. I have watched th video, just want to get your feedback. No bashing the candidate. Just is this satire or offensive?
Here’s a link to the video:

Saw that on the View today, its appalling that they can call themselves Christians and cater to the worst in human nature in their political leanings. Showing Obama in a turban, while making him look like an old Aunt Jemima ad was one step too far, and the Ebonics rap on the back of package was worthy of the KKK.
Its offensive, not satirical. If they wanted satire they could have left off the turban and the inflated lips. But they went for the cheap shot and it shows them poorly.
Very unchristian like behavior. Very unwelcome from people who claim to be for the best in family behavior.

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