The open support for bush isn't as loud as the open hatred.
With that said, I'm sure there will be an outrage if Bush wins, and not one if Kerry wins. And there will be big parties if Kerry wins and probably not as many if Bush wins.
I personally think the electoral college is fair. If anything you should be mad at the people in the bigger states who didn't go out and vote. The voters represent the whole population in the state, if they voted or not... sounds fair to me.