KIFIS,
First of all, I don't believe that the Chinese have ever claimed that the EP-3 was in their territorial waters, although technically they claim the whole China Sea as their waters.
You also mention stacking up the Chinese F8 against the U.S. F18, unless you mean the U.S. F8 -- the time-honored Corsair of the 60s and the 70s.
The Chinese designation for this particular interceptor is the J8 which has inferior everything on it. They tried to pump it up with some advanced radar and INS for an export version and called it an F8.
Well, if they are using their own export version for home defense, that just goes to show you that nobody was willing to put any money down on the F8.
And as far as Wang Wei is concerned, he certainly flew the "Wrong Way."