The Brits dump the Act of Settlement, and the South joins the Commonwealth Parliamentary Association – that's the long-term price of queen Bess's highly successful public relations jaunt to the Republic.
Okay, while nationalists did not get an apology for 800 years of English rule on the Emerald Isle, neither did the Shinners say sorry for the Provos blowing up Louis Mountbatten off the Sligo coast.
Rather than Bess's trip heralding the conclusion of the Good Friday Agreement peace process, it should be the launching pad for a new Anglo-Irish Treaty between Britain and Ireland.
The next few years will see a series of political trade-offs which even a decade ago would have been impossible.
Top of the list will be the axing of the Act of Settlement, which dictates only a Prod bum can grace the English throne.
The chances of a Catholic or any other non-Anglican becoming monarch are next to nil, but it is the principle of scrapping the Act which is important.
Bess dandering around Croke Park means the GAA will have to change the names of clubs dedicated to republican terrorists. The Orange Order must then return the serve by disbanding lodges or bands which carry banners or emblems honouring loyalist death squads or Prod terrorists.
If senior Orange officials can be photographed with the Irish tricolour – or foreign flag as UUP boss and top Fermanagh Orangeman Tom Elliott likes to brand it – as a backdrop, then the Loyal Orders can keep quiet when Pope Benedict visits the North next year.
As for the political way forward, Northern Unionism needs to play a bigger role in Southern affairs representing the interests of the Republic's steadily expanding Protestant community.
The South needs to fully recognise that it is financially buggered and the European Union bailout may not work.
The Republic must join the Commonwealth Parliamentary Association, a political body which represents some 50 regional and national assemblies, some of whom were never in the old British Empire.
In spite of the credit crunch in Britain, the pound still remains a viable currency. The time has come for the Republic to abandon the eurozone and re-introduce the punt, maybe even the old Irish pound.
The main problem a new Anglo-Irish Treaty must solve is stopping the brain drain of our young people abroad. It is a shame this island's greatest export is its youth.
Britain and Ireland must do more, especially in terms of job creation, to encourage our young people either to remain on the island for their higher education, or to return to the North and South after they have left university in Britain or abroad.
However, this could create a racism problem. So many young people have emigrated from Ireland that jobs have been filled by the ethnic communities, particularly from the eastern European nations.
If an Anglo-Irish Treaty is to halt the brain drain, what happens to the tens of thousands of migrants who have successfully settled on this island?
If the new Anglo-Irish Treaty creates the ethos of Irish jobs and homes for Irish workers, are we talking about halting immigration?
A new chapter in the Irish peace process has begun with the Bess Tour 2011. Could the long-term consequence be to eradicate the scourge of sectarianism from Ireland once and for all?
Then again, might racism become the new sectarianism? Sinn Féin may be letting off black balloons, but it's better than dissident republicans setting off bombs.
The real test of Bess's trip will come in November. Will Remembrance Sunday and Armistice Day become as popular a commemoration in the Republic as it is in the North and Britain?
If the queen can visit Croke Park and Dublin's Garden of Remembrance, then Sinn Féin MPs and TDs should return the serve by going to Buckingham Palace garden parties and taking their Westminster seats.
