Sacramentally speaking the consecrations were indisputably valid.
Williamson has demanded that the Holy See effectively announce: "We were totally wrong and Abp. Lefebvre was totally right. Williamson is now and has always been a bishop in good standing, we're sorry we bothered him." Fellay, of course, takes a far more reasonable stance than this - which is one of the reasons why Williamson is now in Argentina.
In fact, it is only by maintaining a quasi-independent stance that the Society has been able to preserve the traditional faith from the surrounding corruption.
That was true at one time. The circumstances have changed - now it is the wreckers who are mumbling and talking of schism.
Their most deeply desired goals: the legitimation of divorce, sodomy and onanism along with the destruction of celibacy and the "ordination of women" are now 35 years behind schedule.
A heretical schism has already erupted in Rochester and in Austria.
They are losing their grip - even their liturgical triumphs are being eroded now.
Their greatest hope was that they could eliminate enough vocations to force the Church to readmit to ministry the thousands of priests who abandoned celibacy in the early 1970s (I call them the Saturday Night Fever priests) - but those disgraces are now entering their 60s.
That "secret weapon" has essentially thrown in the towel.
The traditional moment is hard upon us and we need as many hands in the Barque of Peter as we can get.