As the Protestant church has been fracturing and splintering since the Reformation, it’s not likely that there will be a Protestantism II since the the splits have already resulted in an orthodox church or remnant within the larger disintegrating Baptist, Reformed, Lutheran, and Episcopal (now Anglican). The other splits roughly correspond to occult neo-pagan progressivism, Gnosticism, and secular (i.e.., entertainment, works righteousness).
You’re right
First Lutheranism - still kept the True Presence of Christ in the Eucharist, priests, confessions too etc.
Then Calvinism junks the True Presence but kept the rest
Then Anglicans tried to merge the two.
Then in the 1600s you have Baptists who decide to junk out the baptism part (weird name) and the eucharist.
Then you have the wackadoodle millerites
Then you have Mormons, Jehovah’s witnesses, Seventh Day Adventists
Then you have Evangelicals including the Oneness Pentecostals who reject the Trinity - going the way of the Unitarians who are now “post-Christian”
A web site popular among “RadTrad” RCs who reject Vatican Two is https://novusordowatch.org and which sums up the situation by saying,
In response to the phenomenon of the Vatican II revolution, there are three essential lines of thought that have been proposed as “solutions” to understanding the situation. This is not now the place or time to critique or justify any of them. For now, we want to just describe them: (1) despite appearances, nothing has really substantially changed, and any interpretation of Vatican II that arrives at the conclusion that there has been a substantial change must be incorrect; (2) we must oppose (resist) these substantial changes and stick to the traditional, age-old teaching instead and ignore the Vatican II novelties while recognizing, however, that the authorities in the Vatican are legitimate and genuine Roman Catholic authorities — we just cannot agree with them on these points; (3) because it is impossible for the Catholic Church to change substantially, and because Vatican II constitutes such an impossible substantial change, it is necessary to conclude that the authority which gave us Vatican II is not in fact the legitimate Catholic authority; that is to say, the “Popes” which gave us Vatican II are not true Popes, nor are their successors, who have implemented and expanded this new religion that has its roots in the council. In fact, the entire religion that now occupies the Vatican and the official structures of the Catholic Church throughout the world is false — it is not the Catholic religion at all, and its putative authorities are not Catholics but heretical usurpers.
The first line of thought described above is often termed (not necessarily correctly) “conservative Catholic”, “orthodox Catholic”, “Novus Ordo”, “conservative Novus Ordo”, or “indult”. Prominent organizations and individuals which can be said to promote or be associated with this position would include Catholic Answers, EWTN, Fraternity of St. Peter, Institute of Christ the King, Franciscan University of Steubenville, National Catholic Register, The Wanderer, Latin Mass Magazine, Church Militant, Vericast, Fr. Kenneth Baker, Rev. John Zuhlsdorf, Karl Keating, Scott Hahn, Michael Voris, Tim Staples, Jimmy Akin, Steve Kellmeyer, Dave Armstrong, Mark Shea, and many others.
The second line of thought described above is often termed (not necessarily correctly) “traditionalist”, “traditional”, “resistance”, “recognize-and-resist” (“R&R”), or “SSPX”. Proponents of this position include the Society of St. Pius X (SSPX), Fatima Network, Tradition In Action, The Remnant, Catholic Family News, TradCatKnight, Bp. Bernard Fellay, Bp. Richard Williamson, Rev. Paul Kramer, Rev. Nicholas Gruner, John Vennari, Michael Matt, Christopher Ferrara, Louie Verrecchio, John Salza, Robert Siscoe, Eric Gajewski, and many more. Here at Novus Ordo Watch we like to refer to this position as “recognize-and-resist”, “neo-traditionalist”, “pseudo-traditionalist”, or “semi-traditionalist”.
The third line of thought is the one we espouse at Novus Ordo Watch, and it is a theological position known as “Sedevacantism”, from the Latin sede vacante, “the chair being empty”, referring to the Chair of St. Peter that is occupied by the Pope — when there is a legitimate Pope reigning. Sedevacantism is by far the least popular position, the “black sheep” no one wants to be “tainted” with. Besides Novus Ordo Watch, other groups or individuals who promote or share this position include True Restoration, the Congregation of Mary Immaculate Queen (CMRI), Istituto Mater Boni Consilii, Sodalitium, Daily Catholic, The Four Marks newspaper, Bp. Geert Stuyver, Bp. Donald Sanborn, Bp. Mark Pivarunas, Bp. Clarence Kelly, Fr. Anthony Cekada, Fr. Michael Oswalt, Fr. William Jenkins, John Daly, Thomas Droleskey, Stephen Heiner, John Lane, Michael Cain, Mario Derksen, Griff Ruby, Steve Speray, and others.
As for the term “Novus Ordo”, in its most general application it simply refers to the new, pseudo-Catholic religion of Vatican II described above.... To be clear: We adhere fully to the Magisterium of the Roman Catholic Church from her founding in 33 A.D. by the Blessed Lord Jesus Christ through the death of the last known Pope, Pius XII, on October 9, 1958. We are Roman Catholics. - https://novusordowatch.org/start-here/