Hauj, I was just thinking about this matter recently. You are right - with all that's been happening since 9/11, it's natural to wonder if the death knell is close at hand for organized religion.
However, I also noticed the fervor with which so many people, including politicians opposed the recent court ruling concering the words "under God" that are part of the Pledge Of Allegience.
As a result, my guess is that, at this point in time, wiping out religion would be very difficult. Of course, one could distinguish between "organized" religion and personal religion of religion carried out in small groups and say that one could be banned without terribly affecting the other.
I also wonder if, as time goes by, the WTS may change their "understanding" concerning the downfall of religion.