Pardon my ignorance, but is this a good thing, or a bad thing? I do not follow the intricacies of this all that well.
Well... Neither, per se. The General's career is toast, and the value of his aftermarket services (ie consulting or whatnot) are significantly lower now. But it's a relieving a general for cause is very uncommon. Usually when generals screw up badly, they get a Legion of Merit and some important sounding do-nothing task until they retire. If they get publicly caught screwing up badly, they resign for the good of the service. Getting fired instead of a polite fiction of "wanting to spend more time with my family" means the SecDef is trying to send a message.
Leatherneck and Rev are just excited because he used to give them wedgies and steal their lunch money.
Closest to that happening was Major General Pudlowski attempting to steal my pizza. "OY! What the **** do you THINK you are doing! .... Uh. Sir."
He was wearing PT gear at the time... Thankfully, he took it with good humor... and even more thankfully, my nametape was covered up.