Hardly. I love China. That why it's often counterproductive behavior bothers me so much.
Yes, they did create a visa problem in their country. And the people who are suffering are not just would-be-tourists and China-loving expats. The victims are Chinese people in the hotel and tourism industry who are losing money now. And, Chinese people all over the country are being denied the chance to have all the visitors, exchange of ideas, and general international good spirit that they'd been promised.
It's funny the way you betray your agenda by attacking a different problem. Sure, the US visa system is a mess too. That's no reason to excuse the idiotic way that China is going about it's own pre-Olympic visa policy. Instead of addressing the problem at hand, you just attack someone else and cry hypocrisy.
Why not admit that both visa systems are highly flawed. And also that the China visa problem is current and more relevant to this discussion. Framing the discussion as "The US vs China!" just turns it into a silly freshman dorm argument ("What about landmines?!?!).