Is This What We Should Expect From God?

What do you think of the following question emailed to me by Andre:

Is it rationally defensible to believe that God would have created the entire universe, including millions / billions of years of suffering, including human and animal suffering, the extinction of the majority of species and the endless, wasteful suffering we see around us simply in order for a chosen few humans, who have managed to comply with his wishes, may spend eternity in bliss with him?