I'm with Operationsair on this one, none of us are really qualified to say its a write off or not, firstly, all we have to look at is pictures, secondly, I would say that most people who have posted so far are not qualified Aircraft Engineers and thirdly the aircraft is still to be inspected analyzed by said pro's...then I would gather it all comes down to Iberia/the insurance company.
From the pictures, it looks like they are very lucky to have come to a halt where they did though, looks like a nasty drop just ahead of them.
Also, perhaps it was a female pilot, but as we don't know all the facts right now I don't see what difference that makes?