Well, it's happened--the Episcopal Church once again acted upon its Communion-dismantling trajectory and did not hinder Mary Glasspool from being consecrated. Not that anyone expected it not to happen. And the whole thing went by with little attention, as noted in a less-than-charitable entry from Matt Kennedy. I've been combing to see if there are any official statements in reaction so far, and the only one I have thus encountered is from Anglican Mainstream. And while there may and should be consequences, I doubt they will look much like the three we see here. Let's address them in turn...and add my own prognostications.
Regarding recommended consequence #1, it will be a mixed bag. Rowan will likely say something. He may indicate that American bishops might be disinvited from Lambeth if he feels like being a hard-ass that day. But that's quite a few years away, and he will not do anything that violates the jurisdictional integrity of American Province, which is TEC. The Primates Meeting will have the strongest reaction and will be sure to unseat Katherine from their counsels. They will issue a strong statement and use whatever weight they have to have America publicly reprimanded, and most the Anglican Communion will officially cut ties with TEC (if they haven't already). The ACC will wobble. The American delegation will show up, the Global South delegations will move to have them excluded, but like last time (when section 4 of the Covenant was sliced off from the 2nd Draft) some political maneuvering will occur, causing the Global South to walk out--leaving the ACC, as an official instrument of the Anglican Communion, still "in Communion" with TEC. In short, it will be a mess, and likely halt the Covenant process.
Regarding consequence #2, the Primates meeting will probably give a nod to Communion Partners, not as though that will accomplish much. Many like me are sympathetic to the aims of Communion Partners, but they're not exactly batting down the doors to join. Unless it is seen as the clear Communion response for maintaining ties with the rest of the Communion, it will be seen as ineffectual, political, or some combination of the two. Rowan might push to create some new structure with Communion Partners as its base. But without the support of the ACC (as essentially a TEC "colony" within the Anglican Communion) and the antagonism the Primates' Meeting is likely to cause, it will be a long slog to come up with something functional. Again, look for no help from afar.
Regarding consequence #3, the Primates will heartily endorse the ACNA as the "new Province" in North America. Rowan will reject this and uphold TEC as the official American Province, as will the ACC. And no one from TEC or ACNA will be invited to Lambeth, punishing us both as the errant children we are.
Of course, miracles do happen...Maranatha!