The law can blather on as it wants. But the 14th Amendment trumps the law. If he was born in the US, he's a natural born citizen. Case closed. The citizenship of his parents doesn't matter. For example, Bobby Jindal's parents were grad students from India studying in Baton Rouge when he was born. And he's on McCain's list of possible VPs.
Does the 14th Amendment trump Article II of the constitution?