Yes. Those of us who have went to college, or had children go, realize that these are private records.
The only two ways I would imagine his transcripts being released is 1 of 3 ways:
1) The university system online is hacked and people find his transcript
2) Obama fills out the appropriate paperwork, receives his transcript, and posts them for everyone to see
3) Obama signs a waiver, which allows Harvard to publish his transcript.
However, option 3 seems highly implausible, since no university would publish someones records, even with their permission. The only viable choice is option 2.