The U.S. military hammered the daylights out of the Iraqi military, occupied the country, overthrew the government and put their leader in jail, all within a few months time. From a military perspective I'd say thats a pretty effective ass-kicking. The military did their job well.
Whether they should have been sent there in the first place is a different question though. You can argue that the evidence suggested they had weapons of mass destruction and a nuke program which justified our attack. But those things were not found so the question now is why are we still there?
I'm in agreeance, from a military standpoint Iraq has been a major success. Whether you like it or not, it's nothing like Vietnam.