Of course its good news. I hope the price drops even further so more of the newbie (I'm gonna get rich on this overnight) crowd leave (hopefully having realised a loss so they dont return). It's time the whole Bitcoin scene had a good clean out. There's way too many get-rich-quick mongers about atm.
Unfortunately the world is full of people who want to get rich quick and we've only seen an infinitesimally small proportion of those. So, the current newbies may leave but there are always more where they came from.
I wouldn't even get my hopes up that every new generation of newbies would be more cautious than the previous.