That doesn't look bad. Support it in place if necessary. In fact you might want to wrap it with something elastic for a month or two until it can begin to heal. Then keep excess weight off it for a year or two.

Alternatively you can cut it off and a good replacement branch will probably sprout, if there isn't an alternative already in place.

I would do as Fruitnut suggested. Support it good and it should heal up fine. If it doesn't you can always cut it off later.

Sweet. I wrapped it tight with white stretchy grafting tape.