Max Boot takes a deep breath and calmly analyzes the situation:

The death of Osama bin Laden--richly deserved, long delayed--is certainly cause for celebration. But let's not get carried away. The organization he built, al Qaeda, is likely resilient enough to continue without him. Certainly many of its regional affiliates, from Al Qaeda in the Arabian Peninsula to Al Qaeda in the Islamic Maghreb, operated largely independently of their titular leader and will continue to do so. Then there are the numerous other Islamist terrorist organizations, such as Lashkar e Taiba and the Pakistani Taliban, which did not pledge even formal allegiance to "Emir" Osama. His death is an important symbolic blow against the Islamist terrorist network but not a fatal one; at most it might lead to the decline of Al Qaeda and the rise of other, competing organizations.