<sarcasm>
Yes, absolutely. You are entitled to punitive damages as a result of emotional trauma. Hundreds of cases won, with millions awarded! If not emotional trauma, then I'm sure you could argue that you were injured somehow by the cancellation.
</sarcasm>

Excuse me if I sound trite, but no, darnit. I get delayed and cancelled all the time and I don't whine about it. Just look at your journey as an adventure; when things don't go as exactly planned, suck it in and go with the flow. Use the extra time to enjoy wherever your stuck at... be it Chicago or Kathmandu. If life was only about the destinations, we might as well just die and get to the final destination right away... life is really about the journeys.

The only caveat I would offer is that if you ask politely, you can probably get a meal voucher, and since it sounds like you have to spend the night somewhere, a hotel voucher. And finally, airlines blame ATC all the time. It's the new fallback excuse for any delay/cancellation... :P