Far from it!
I've been telling everyone I know that it's imperative for the French to take Le Pen seriously. By just brushing him off, one ignores the real fears of the French people.
Some very insightful people that I know try to get it through to me how truely dangerous he is, but I still, having seen the anarchy in the Parisian suburbs, see that unless someone is willing to do the hard work of bringing this unassimisated rabble under control, the situation will only get worse, and like Le Pen himself says: need more violence to deal with.