Well, okay, perhaps that's a bit of an oversimplification. However, most state's vandalism statutes require some sort of property damage, which this really isn't. Perhaps if the person actually steals the valve cores, a case could be made. What it would probably fall under is disorderly conduct, which isn't even a full misdemeanor in some states, or some sort of "mischief" statute, which means different things in different states.
Every so often you read newspaper stories about some kid letting the air out of school bus tires. Usually the judge more or less decides there's no criminal statutes they can prosecute them under and just remand them to school discipline, whereas they probably would have been prosecuted for, say, slashing the tires.
As for restitution, I'd bet you could get a small-claims court judge to award you the forty bucks or whatever it cost to get the guy to drive out and air your tires up and maybe the cost of a cab ride to work, but for anything else you would have to catch the judge in a particularly vindictive mood.