No. The Shiite community is viewed by a wide swath of the Sunni community as just another sect within Islam. In Egypt in particular, and in some other countries such as Saudi Arabia and Bahrain—and this is an aspect of the conflict in Bahrain—they're viewed a being slightly outside the context and as non-believers. They are therefore worse than the Christian community, because all sects and all jurisprudence accept the Christian community and their own practices. It's within sharia law that they have to accept them.
Shiites are accepted by Al-Azhar and the formal Islamic community, but some sects like the Wahhabi sect and some of the more extremist communities like the Salafi community do not accept Shiites at all as being believers and, therefore, believe that they fall outside the protection of the Abrahamic faiths.