Given the size of the earthquake and its location under water and off the Alaskan coast, it was an appropriate warning to be issued. Had the tsunami been a major one, people would have been inconvenienced a great deal more!
See this one article for the highlights, Enormous Earthquake Off Alaska Prompts Widespread Tsunami Warnings.
Given the weaknesses in our warning systems, greater financial investments are needed by all levels of government to ensure that people who need to be warned — get warned!