Hey prologos!
I agree that much of the WT's idea is based on some convoluted eisegesis. But many of the comments, that something like this can't happen, are based on the world continuing to be the world we are familiar with. I linked to the McCain video just to show that many see indications of a sea change in the way the world is presently ordered.
IMO, no single power (even one as powerful as the US, Russia or China) could accomplish such a thing. It would require at least two things: (1) Some form of unity among the major powers, and (2) some compelling reason, such as the unified powers seeing religion as a threat to their continued existence.
I agree that until those conditions are met, religion will continue to have some use to political governments.