Or should we come up with a new term to describe it, say, a "cool war." If that sounds too rad, how about "Warm War." Cyber warfare isn't comprised of shooting bullets and lobbing missiles, but it is more destructive than the Orwellian propaganda pandering, back-room diplomacy, espionage and military mobilization and sabre-rattling that we came to understand as daily life during the Cold War.
Worse yet, since it is much more an act of conventional hostility, could it heat up to an actual shooting war? Remember, China is a very important trade partner, as well as money lender. How could we possibly afford hostilities with the Chinese?
From the New York Times:
In Cyberspace, New Cold War
http://www.nytimes.com/2013/02/25/world/asia/us-confronts-cyber-cold-war-with-china.html?src=recg