JoelBear,
you are right. the 4 steps are still current teaching.
1) "Peace and security" Not international war and terrorism as of now
2) The abandonment of religion, instead we are seeing the rise of more fundamental religion and a turning to churches for comfort.
I think we are ok for a bit!
Incidentally, it has always struckme that the J W s can cry "We are near the end" when things are bad like now, or if things get better ,like when the Berlin wall came down then that was a steptowards "Peace and security"
Basically, they have got it both ways.