After reading that article, I had a few quick thoughts.
First, I think President Sarkozy is doing a great job. He has taken steps towards making France more involved and productive, domestically and internationally. Since I'm not a French citizen, I can't pass judgement on Sarkozy either way, but I definitely think he is a step up from previous French heads of state/government.
Reading the news and looking at history, I understand the relationship between France and the U.S., but I can't help but feel baffled by the whole thing. France and the U.S. are so closely linked by history, culture and conviction that any kind of ideological divergence seems impossible. However, I believe America would react similarly if it were in France's position post World War Two. On a more abstract level, I think the same case could be made for the Iraq-U.S. relationship. Few ties exist between the U.S. and Iraq, but, if you will excuse the cheesy colloquialism, Americans and Iraqis are kindred spirits. Americans, the French and Iraqis are more similar than they want to admit.
The Economist had an interesting infographic on their website today which is somewhat related to the NATO-France relationship.

Economist.com
If that graph does not illustrate the point well enough, the U.S. Navy currently has 11 aircraft carriers in service, the rest of the world's navies have 10 (average U.S. carrier tonnage > 100,000 tons, everyone else average carrier tonnage <<< 100,000 tons); plus, the only active 5th generation fighter aircraft and long-range stealth bombers are flown by the U.S. Air Force. Supremacy seems like an understatement. On a less serious, and completely unrelated, note, I found this cool demographic map on wikipedia.

Words fail me...
Update:
On the military spending graph, the U.S. Department of Defense released a report today on China's military. You can see a summary and link to the report on BBC.com. The DoD presents different spending estimates than the Economist (see page 44 of the report), who appear to be using official estimates from the Chinese government. If you are trying to decide who's numbers are correct, good luck. Both governments clearly have some agendas at work, but whether China spends $120 billion or $60 billion, that U.S. column in the graph from the Economist still towers above the others. Still, the DoD report is a good read for those of you interested in these sorts of things; I imagine a Chinese government report on the U.S. military would be equally fascinating.