Is it "one of the largest schisms in Western Christianity since Martin Luther launched the Protestant Reformation" - or rather more complex than that?
Yesterday, Gafcon, the organisation which draws together conservative, Biblical Anglicans from around the globe, announced that it was now "fulfilling our mandate to reform the Anglican Communion".
This included the proclamation of a new "Global Anglican Communion" - as opposed to the existing Anglican Communion centred on Canterbury.