Funny but sadly true. This, unfortunately, is how a lot of people do theology. It is bad theology, of course. Theology should be about realizing God doesn't fit in our little box (God is in the box, outside the box, and is the box) and exploring that that means and what God really is.
The Christian life is a relationship between the believer and the Creator. This relationship grows and matures as the believer learns more about the God in whom they have trusted. The apostle Paul spoke of believers being made rich in their knowledge of God. He wrote the following:
Christian Theology Is the Study of the God of the Bible
If God includes everything ... should all things be studied and familiar to us? This would really cause some gods to blow ... as they prefer bliss and ignorance!In response to the title question.
Theology is defined as the study of the nature of God and religious belief. Therefore any discussion touching on either constitutes theolgy.
The theology can be good, bad, or middling. The theology can be critical or apologetic. The theology can be rash or informed.