Given Magneto's plan to kill all humans with the aid of a delusional/deceived Xavier, I would say that he is indeed bad, and that he had become exactly what he ran from as a child.
It is like the father that beats the son, because he learned by being beat as a child himself. Did he hate it as a child? Yes, and yet he perpetuates the anger and fear with his own son. So Magneto perpetuates the hate and genocide that he learned as a child. Both are wrong and have crossed any reasonable line that society could offer.
He talks to homo sapiens like a KKK member talks to a black man at a store. Polite conversation all while seething rage boils inside. He may not be pure evil, but IMO under no circumstances (or very few) is he good.
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We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-Winston Churchill
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