The internet and blogosphere are still reacting. The NY Times published a esoteric "appraisal" of Wallace which seemed a little premature. I'm interested in seeing what reaction, if any, there will be from the so-called popular culture. He was a unique and influential writer. His style appears in tiny forms throughout modern writing and even in journalism and TV. If you know his writing you'll be able to see it but I'm afraid that his death will go largely unnoticed.
The Huffington Post has a nice remembrance from John Seery for anyone who is interested.