I find that 90% of the time I would rather Hammock camp. I have yet to have a bad experience in it except that about 4 years ago I took mine out before I knew how cold they can get when the temps drop without bottom insulation. Even then I was able to get easily as good of a nights sleep as I could on the ground. I have a bad back and hips, ground camping just puts too much pressure on them.
You have recieved a defective piece of equipment, and using that as judgement on hammock camping is plain silly.
With tent camping I have woken up with wet equipment, sore body parts, tent collapsing in the middle of the night in a rain storm because the ground sofened enough to let the stakes rip out, heavy condensation, a raccoon climbing the netting on the body of the tent between the rain fly and the tent making the no see um netting into not bug proof netting as well as scaring the crap out of me, a skunk crawled into the tent with us in Texas once since we left everything open for ventilation, pick up the tent to find snakes resting up under it, waking up in the middle of the night to get that pine comb, rock, stick, lump of dirt, etc that wasn't noticable out from under my back, walk more miles than intended to find suitable area to camp.
Hammock camping I have had one night where my butt got cold, never woke up with anything sore, never been molested by skunks, raccoons, bears, or anything else. Never had to search too long for a spot to setup, doesn't matter if the ground is uneven, rocky, lumpy, hard, fragile, or if it's under water, if I can hang my hammock, I can camp there. If I can't hang my hammock I can use my hiking poles and it makes a very acceptible bivy shelter. Never had to get up and disturb anyone because there was the un noticed stick, rock, lump, or anything else up under me, never gotten wet in even the worst rain storm, never made an impact on the ground where there once wasn't. I've camped and slept wonderfully over rocks, roots, on a hillside, and over wet marshy ground in a swamp. The fastest I have ever truely setup a tent is about 7 or 8 minutes, I can have my Hennessy up and ready to crash in it in about 4 minutes with no confusion, no complication.
I have noticed that A LOT of people have a preconceived notion about hammock camping well before they give it a fair shake. No matter what happens, they will find every bad detail about it to use against it, not taking into account the pluses and negatives of each. Hammock camping has lost before they ever even hang the thing. They want it to fail, they do not want it to make their trusty tents and tarps obsolete. If done and done right, I just can't imagine how you could possibly sleepp better in a tent than you can on the ground, and clostrophobic, I feel more enclosed in my tent. With my hennessy I use my hiking poles to raise the corners of my tarp and have plenty of view and air flow, even more than I can get in any tent.
Hammock camping has given me my love of backpacking back. Before I got into hammocks I just couldn't rest on the trail in tents. It gets old waking up with sore shoulders, hips and my back, and tossing and turning half the night trying to be comfortable.