People get to talk tough now, including Cheney's latest comments, but when a similar incident happened early in the Bush/Cheney administration, we did nothing of the sort. A Navy EP-3E made an emergency landing on Hainan island, and the crew was detained for approximately 10 days. During that time the Chinese had sole access to the plane and the avionics.
The US issued a Letter of Two Sorries, in which the US government stated "We are very sorry the entering of China's airspace and the landing did not have verbal clearance..."
Diplomatically, probably the right way to resolve the crisis, but lets not act like all other presidents would have sent in Seal Team Six.