They Won. We Lost.
It wasn't even close.
Even if the atrocity in Paris served to imbue the civilized world — Muslim and non-Muslim alike — with a newfound resolve to battle radical Islam (it almost certainly won’t), this still stands as a victory for the bad guys.
In any war, the goal is to put your enemy in a position where he has no good options. The murderous attack on the offices of the French satirical magazine Charlie Hebdo does exactly that.
Consider the response from the Western media with regard to the Mohammed cartoons.
As a conservative, I don’t like gratuitous mockery of religion, any religion. That’s not to say I think all blasphemies are equally offensive. For instance, I think most satire of Christianity is particularly cowardly and lame precisely because Christians are such a safe target. Also, after centuries of tolerance for satire of Christianity, opportunities for cleverness or originality are few and far between.
Mockery of Islam, meanwhile, whether in good taste or not, is dangerous and therefore also courageous even when stupid.