Nah. Boomer Americans are accustomed to think themselves the focal point of history. But I don’t think the Church’s current troubles are going to result in a Second Reformation. I do think they will issue in reform–eventually.
To have something like the Reformation, you need to remember one thing: the big winner in the Reformation was not Protestantism or Catholicism. It was the State. The State is still top dog and may use the bishops’ folly to gain more power. But you will not see, I think, much more than the continued slide of Catholics into Stockholm syndrome. A certain percentage of Catholics, who are already Protestants without knowing it, will probably go join some sect or other. But there’s no particular doctrinal battle being waged here. Just a struggle to get bishops to take seriously the Faith they are supposed to guard.