My initial reaction was probably the same as many of yours'... "good riddance, one less hate-monger in the world".
But I can't help but feel for the family and friends he left behind. They are left with the sad task of grieving over his passing.
Jerry Falwell might have said and done many very hateful things in his life, but he too is human. He and his loved ones deserve the same respect and compassion as any other being.
If we forget that, we are no better than he.