Although Ratzinger's name was mentioned a lot before and during the conclave, I really wasn't expecting him to be elected. So I was surprised, but very happy. I think he's the Pope God wants us to have right now. He's been smeared a lot by people who label him as "ultra-conservative," but as head of the CDF he was only doing his job.
He's a very fine theologian in his own right. I'll be looking forward to reading his first encyclical. In the meantime I'll go and read some of his books.