Good point! Wikipedia and I both missed that.
Still not quite so clear.
Someone elected as President is still eligible to be president because he is natural born and 35 or more years of age.
He just cannot be "elected" to the office of President.
For instance, if a two term President were to somehow become speaker of the house and the succession came down to him, he could assume the office.
At least that could be argued.
Yep. Here's the bottom line, IMHO. When it comes to presidential elections, if the majority of voters want something to happen, it will happen. Any vagueness in the Constitution will be twisted to conform to the wishes of that majority.
An obvious example of that is Obama's eligibility as a "natural-born citizen". The majority wanted him, so we got him, eligible or not.
A substantive equivalency between "elected" and "held" is made for the status of occupying the Office of the President in the 22nd Amendment, so I don't believe your argument stands.