Yes, that's the way it's shaping up. I want to be an optimist on this one, but it is perhaps the one place in the world that I feel most pessimistic.
I think we are going to settle Iran's hash here soon; Afghanistan and Iraq have had free elections; even Kim Jong-il's rule may be becoming a bit rocky (though I don't discount disinformation on the part of the North Koreans, especially after we just caught 15 on our southern border.)
But Taiwan I feel is going to be abandoned. I have seen a few things from the U.S. and Japan that are encouraging, but the public statements from Mr. Armitage and Mr. Powell were not strategic ambiguity in my opinion -- they were "One China" all the way.
You may be right, but history will not look kindly on the US or the President that abandons a democratic Taiwan to the murderous commies.