It doesn't seem her name would be bandied about by the Obama administration unless she was going to get the position.
Chuck Todd has an interesting viewpoint about keeping your enemies close. The Fix also has a similar perspective.
CNN: Democratic sources tell CNN that President-elect Barack Obama and Sen. Hillary Clinton had a "serious discussion" Thursday to gauge Clinton's interest in the post of secretary of state, if she were offered it.
Sen. Hillary Clinton has been mentioned as a candidate for Obama's secretary of state, sources say.
Clinton's response is unknown, although multiple sources agree that she was left with the impression that if she were interested in the post, it would be hers.
"There was a serious discussion to determine whether, if offered secretary of state, she would accept it," said a source close to the Obama transition team.
In these circumstances, that source added, a president-elect does not meet with potential Cabinet secretaries unless he is serious about making an offer.