Olympic Medal ranking of countries...

I've been watching the Olympics and I'm a little bit perplexed at how all the news agencies have used seemingly random criteria or at least something stupid like total medal count to decide the order to list countries in the medal standings.

I created my own simple, and I would think obvious, scoring system.
Each medal receives a value and the countries are ranked by total score.

Here's the simple point system:
Gold medal = 3 points
Silver medal = 2 points
Bronze medal = 1 points

So if a country has the following medals:

Lower Slobovia:
4 gold, 1 silver, 2 Bronze

Then their overall points are determined as follows:
(4x3)+(1x2)+(2x1)=16

I've created a spreadsheet to calculate this and input all the countries with at least 2 medals.

It looks like this as of Friday February 21st. ***UPDATED***



If anyone wants this spreadsheet, let me know. It's pretty simplistic.