Re: I must comment on this . . .
I think that Nerox guy posted the quote in RNB's post somewhere recently, using it as a response to a person (Adbot) wishing it was god. Which sorta explains his post in here.
Also, it is true that Nietzsche was not being literal in that quote. He wasn't saying that God existed, but is now dead. He was referring to the concept or belief in a divine being that was a basis of morality and knowledge for hundreds of years (via religion), and that it was/will be eroded away by rationality and science.
That doesn't mean the phrase itself is making no statement regarding the existence of God. Nietzche himself did not believe in God as an actual being, he considered God to exist purely as a concept. Which would explain the wording of the quote pretty well, actually. So, using that logic, the quote implied that God as a divine being does not exist, as well as the concept of God is on the way out.
tl;dr=Nietzche is meh.
Also, I don't know why you guys are talking about gathering up in the fiery underworld. We'll be all meeting up at the courtyard in Valhalla, greeting each other with axe and sword! Then we shall feast on pork and mead served to us in the great hall by beautiful valkyries. All to hone our skills and await the day we don our war-gear and aid the all-father in his battle against the great wolf during the ragnarok. It shall be glorious, comrades!