Frankly I would rather use its last thrust to push it up to a higher orbit, this would be cold storage for it and would make it availible for future repair and refueling once we have a new spacetruck.
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If this is possible to do safely, then it should be done.
No one wants to get hit by a plummeting space telescope.
I agree, if it can be left there, it should be left there. It is very expensive to launch stuff into orbit, and Hubble parts could be useful even it Hubble itself could not be restored to operation.