No. It's the Queen putting the interests of the royal family (the institution) above those of one of its members.

The monarchy in Britain is basically by consent these days, and has held its position since the abdication of Edward VIII in the 30s on the basis of a very effective PR operation. That's why Andrew was stood down from public appearances some time ago: it doesn't matter if he's guilty or not, anything publicly associating the monarchy with child abuse is a public relations disaster.

My personal hope is that Charles is a bad monarch, and William turns out to be one too. That would probably be enough to get us a (ceremonial) presidency on the Irish or Israeli model.