You are correct. It was not one of the 7 wonders of the ancient world, it is one of the 7 wonders of the world. Different list. And while it did ultimately fail in it's purpose, the amount of resources devoted to the project, both human and financial, speak to how important the issue was to the rulers at that time.

I still believe this is not a political issue, but one of national sovereignty. It is a shame when a party attaches itself to one side or the other of an issue like this. It ought to unify us, not divide us.