We are still a friendly place, John; we just didn't (for the most part) enjoy the opening ceremony.
I did like the visual part of the industrial revolution, but not so much everything else.
And yes, I LOVE the games themselves. I love the gymnastics, diving, swimming, and I can watch a bit of dressage and horsy events quite happily.
I think in the long run, it will be a good thing to hold the Olympics in London, even monetarily.
As for politics, I keep away from that topic as I just don't get any of them.