Pretty much. I've more-or-less sworn off politics entirely, and intend to vote Elder Party (Cthulhu/Dagon 2012! Why Vote For The Lesser Evil?) for the forseeable future until one party or the other manages to convince me they actually represent anything close to actual citizens, instead of their own respective special interest groups and lobbyists - it doesn't help that I'm almost literally centrist, split evenly on issues between the left and right wings.
But "Republican" has become almost an epithet, shorthand for "religious gay-hating warmonger", and it's depressing. I voted Red in my first and for the time being only presidental election, wasn't terribly displeased to lose, and have since seen the party I tentatively aligned with a hairs-breath more than the other be swallowed up by incredibly vocal lunatics.