I don't think there is any conspiracy. I think we are witnessing a White House in total disarray, unable to form a coherent message. They have lost control of the narrative.
I do think these death photos exist, and I think I understand why Panetta and others promised the photos yesterday, only to be rebuffed by the president today. Presidents Clinton and Bush would have released these photos. With Obama, I think he ordered the photos to be withheld due to personal issues. He went from being a non-descript community organizer from Chicago to personally ordering a hit. I think Obama doesn't want the photos released because of the fact that he personally approved the greasing of another human being. OBL needed killing but it still weighs heavily on his soul. Which may be a good thing if you think about it.
Doesn't matter, really. These Osama death photos will leak out pretty soon.
Meanwhile, here's my immediate solution to defuse this. The White House should call a summit and invite influential bloggers, reporters and family members of 9/11 victims (who want to see). No cameras allowed. Show them the videos and photographs.