I did something similar to this a couple of years ago. Don't remember if it was here or just in my AH Newsletter. I had the US trying to pull off a quick and dirty buildup on Guam as a reaction to the Japanese occupation of southern Indochina.
This is militarily more feasible, but politically less so than the 1941 attempt. The Military tried to get Guam fortifications approved a few times in the 30's but Congress felt that taking that step would provoke the Japanese and trigger an arms race in the area. Guam fortifications would be a logical thing for the US because it would unlock one of the key island chains the Japanese planned to use to keep the US from reinforcing the Philippines.
For that same reason, the Japanese would go all out to take out or neutralize the US presence on Guam. That might or might not be a good thing from the US standpoint. On the bad side, whatever resources the US put into Guam presumably wouldn't be available somewhere else--modern planes and soldiers not available for the Philippines, or Hawaii, or Iceland.
On the good side, the Japanese are also going to be putting scarce resources into a counter-buildup, and those resources won't be available elsewhere. Wake probably won't get attacked until Guam falls. A strong US presence in Guam also complicates Japanese planning if they still do a Pearl Harbor attack. A simultaneous attack on Pearl and Guam would be difficult to pull off, and especially to be sure they were going to be able to pull off. Attacking one would definitely alert the other, and the air part of Guam versus the nearby Japanese-held islands would be scorpions in a bottle. Striking first would be very important.