No, it is reality.
From every troll that uses it, from every NYT's article, from Saddam Hussein it is meant as a derogative.
Perhaps, as you say, it is not so in your case. You would be very much in a small minority.
"DUBYA" has been turned into a term of affection among the right. You will not see people contesting use of that term on this board. "JR" has not been similiarly rehabilitated.
May be, but I find this entire issue hard to believe, and consider myself blessed that I never heard of it till now.