Olausson didn't play much for the national team, being over in North America so much. I see on his stats page he was a member of the infamous 2002 Olympic (Belarus failing) squad though, but I can't remember if he was a regular or not. Lidström, Öhlund, Jönsson & Norström were certainly in front of him, so I guess he had to compete for bottom pairing minutes with Kim Johnsson & Ragnarsson. He did have 2 penalty minutes in the tournament.
In Sweden a player like Anders Eldebrink is certainly more revered than Fredrik Olausson, despite the discrepancy in NHL games and Stanley Cup honors. Unless you're a standout player in the NHL people aren't going to be overly impressed. Tommy Albelin played 950+ NHL games and won a Stanley Cup (1995), but he was just a different type of defenseman than Olausson (defensive) (had no idea he played so many games for Calgary, by the way).