Since I don't think you can stand the suspense any longer, here's my thoughts on this.

There are two paper trails that BHO has been hiding; one that has real potential for upsetting the apple cart and one that is a red herring.
The longer the he could keep the "birthers" baying for his long form birth certificate the better. Not only did it make them seem like illogical loons, but it gave him power over them as well. I think he was planning on releasing this birth certificate anyway, but closer to the election. Unfortunately "The Donald" was able to make it a real news story and forced his hand a little early.
Now, the ones that
may have some merit are his school records - transcripts and financial aid records. For now he can just roll his eyes and say "Not this again." Fortunately we may be far enough away from the election that if it reaches the same status as the birth certificate fiasco it might have an impact in 2012. It will be interesting to see how a poor student without the means managed to get into the schools he did. Maybe Bill Ayers wrote his school papers as well.