For the most part I agree with you however before doing so we need to make sure that we have our security alliances in the Asian region in Check because once we officially abandon the "one China" policy there is going to be a giant regional conflict and we will find ourselves right smack dab in the middle of it. Second, there are other undlerlying motives for the US as to the reason why we support Taiwan. Its not because we are the Defenders of Democracy and because our Govt. Truely cares about Taiwan. Its is due to Strategical interests. If Taiwan should fall back under the Mainlands control then China will effectively control the entire China sea and all access to its shipping lanes. This would enable China to restrict all access to that region of world and allow them to effectively cut restrict Japans supply of natural resources. This would no doubt allow China to be come the Regional superpower or hedonist, however you want to put it. As for the Spratly islands, China has just been probing around taking pieces of land little by little to test the world to see who would interfere and come to their aid seeing as how the Philippines are the main group of islands that lay claim to the majority of the Spratlys. China seeks to replace the United States as the balance of power in the Asian region.
I think you are on to something. I would only replace "China" with "CCP". The CCP wants to control all of Asia...the average joe has no say in it, only that the CCP justify their intentions by every measure of propaganda known to man.
There is a lot more to the Taiwan question than just the old rhetoric stuff.
Historically China controlled Vietnam, Korea, and the Philippines. That was just before the Brits invaded. Now they are trying to restore 'their' kingdom by the same means they built 'the kingdom' in the first place...by feudally conquering, and ruling by propaganda, and re-educating everyone who opposes.
That is exactly how every dynasty in Chinese history has operated, and especially the Qing. The feudal Chinese are nothing more than colonizers. The thing they hate, THEY ARE.