You're probably right, and it's very sad indeed. Where you miss the point, is that the Libians also hate many fellow Muslims, and are hated by most other Muslims too. Why do you think the Arab League is in on this? They've all got a grudge to settle against Libya for some thing or another (The Saudi's, because Gaddafi tried to have their king assassinated in Mecca of all places; The Lebanese because of the disappearance of a prominent religious leader (Musa Sadr, who also had Iranian ties) while in Libya; the list goes on and on). It's like one of those murder/mystery movies where everyone has a motive.
Nobody was happy with Gaddafi because he's unstable, and OPEC states like stable leaders that can tow the line and keep oil profits on the rise (I know that oil -prices- are rising because of this conflict and instability, but higher prices aren't necessarily in line with long term -profits-, and OPEC nations understand this well). Human rights don't even enter the equation.
The thing is, the feeling is mutual. I don't think that politicians here "like" any of the players in this significantly more than they "like" Gaddafi. In that sense,
we just want stable oil producing nations, to keep prices low, to help our economy.
I for one find that kind of sunshine warm and comforting enough for me. We can't be the world's policemen. It's just too costly, both in dollars, and in good-will capital (of which we've got just about none left after our last president). I can't pretend to be able to predict what the outcome will be, but your prediction of yet another hard-line theocracy is quite reasonable. Nobody know what these rebels will come up with in the still unlikely event that they're not crushed, but while I'm all for a people taking to arms to overthrow a tyrant, I don't entirely see why we should support them directly when they're most likely to sell us out a the first opportunity. Unfortunately, I don't have a better answer. Just look at how well the "Kingdoms" set up by Britain after WWI worked out. . .
Hopefully, we've learned enough from history to not repeat it but only time will tell.