Good grief. From the Guardian’s theatre blog:
Not bad, but not good enough. Perhaps the RSC mean to suggest that Obama will be manipulated (and destroyed!) by his subordinates – one of whom may feel that they have, unjustly, been overlooked for, nay denied, a prize they thought was deservedly theirs. Presumably, then, the RSC mean to cast a woman as Iago and that this actress will bear an uncanny, if disturbing, resemblance to one Hillary Rodham Clinton…Shortly before the inauguration of Barack Obama, I received a press release from the RSC with the subject line: “Obama: Is he an Othello for our times?” To the best of my knowledge, the 44th president of the United States has never once murdered his wife in a jealous rage before taking his own life. So, no, President Obama is not “an Othello for our times”. But why on earth would the RSC want to suggest a parallel?
Or, you know, it could just be fatuous nonsense.

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