The verdict is in.
In the court of public opinion, Google is guilty/innocent of disrespecting-the-laws-of-a-sovereign-nation-in-which-it-does-business/standing-up-for-its-principles.
It is a paragon of/typical example of an ethical-enterprise-at-its-best/corporate-arrogance-at-its-worst.
Read the comments following various blogosphere commentaries on Google’s decision to stop censoring its Chinese search engine and mostly you’ll discover ethics is a popular spectator sport.