It definitely is, but the electoral college really isn't the main point of criticism. People here are far more bothered by the insane and increasingly insane sums required to win elections, particularly now that McCain-Feingold was undermined (okay, I'll grant you, not too many people know what McCain-Feingold is...). The impression people here get, more than anything else, is your presidency almost seems to be for sale - obviously that's a crude over-generalization, but then I'm not talking about my own opinion, but the impressions I get of the general opinion here. The other thing, of course, is the extreme polarization of American politics, thanks to your two party system and 24 hour news cycle - politics have gotten increasingly dirty and "gotcha" everywhere, but in a multiple party system, yesterday's enemy can be tomorrow's ally, so you generally don't want to do too much demonizing that you can't easily retract.

Electoral college isn't exactly something anyone but election geeks care about in Europe, except perhaps in the rare cases of candidates losing the election while winning the popular vote, like Gore in 2000.