No, it is not funny. It is actually quite amazing how carefully you have to read the article to understand that the incident was in international airspace, and how little "nearly collided" means.
It reminds me of the CNN report about the Russian missile inscribed "To be delivered personally in Omaba's hands" . You know, the one that our ex-ambassador twitted about, the one that showed how Putin is threatening the United States, the one pundits were discussing, as in "can it reach the United States."
CNN even went as far as to intersperse pictures of the missile into footage from the main Feb 23rd parade on the Red Square. The catch? It was a papier-mache prop carried by two member of a fringe party (Stalinist Youth!) that was marching on a back street. Of course, the picture was cropped by CNN as not to make that immediately obvious.
Frankly, the report worried me. Then, in 10 seconds, I stopped worrying, because I found the original picture, and had a laugh. I was scared again, a few days later, when I could not find the CNN clip, or the MSN article, or pretty much anything about the epic fail on English language sites. Good cleanup.