I've got eggs from two double hets - albino and hypo, which would be AaHh.
This is what is called a dihybrid cross (two double hets bred to each other for two independent dominant/recessive loci).
In dihybrid crosses, you end up with a 9:3:3:1 ratio.
9/16 should appear normal at both loci. Some will be hets, but it really doesn't matter since there is no way to tell which ones are het and for what.
3/16 should be hypo. Some of those could be het albino, but again, there is no way to know which other than to put a statistical probability on it.
3/16 should be albino. Some of these could be het hypo, but once again, there is no way to know which.
1/16 of the offspring should be double recessive (albino and hypo) (*see my note and question below).
Of course, you could produce 12 double recessive or 12 normals from you clutch of 12. The Punnett squares only give you the probabilities.
>>As I see it the chances out of 16 would be:
>>aa 1
>>Aa 2
>>hh 1
>>Ha 2
>>HA 2
>>Ah 2
>>AA 1
>>HH1
>>Hh 2
>>ah 2
>>
>>Am I correct in assuming that Aa would be albino, Ha would be hypo het albino, hh would be het hypo? HA is, of course, what I'm most interested in seeing.
The problem with your approach is that each snake gets two alleles at each locus.
So if A is normal and a is albino at the albinism locus
and
H is normal and h is hypo at the hypomelanistic locus
then your original snakes' genotypes are AaHh and the offspring are
A_H_ (blank could be either cap or small letters) - normal
aaH_ - albino
A_hh - hypo
aahh - albino and hypo
* now my question - how would you recognize an albino hypo anyway? If hypomelanism results in a reduction in melanin production and albinism results in an absence of melanin altogether, then an albino snake will produce NO melanin, regardless of whether it carries the hypo gene or not. This would be an example of epistasis, where one gene (albinism) masks the effect or another (hypomelanism).
So if that is the case, 1/4 of your clutch (4/16) should come out albino. However, 1/4 of that 1/4 will also be hypo, it just won't be visible.
Thus endeth the late night genetics lecture - class dismissed - 
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Chris Harrison
San Antonio, Texas