The entire social event reminds me of that one wedding between 'rob and amber'. Overall, it'll bring money into the economy, mind you so does just about everything concerning britain. As for william having high power/status, I see 2 huge flaws with that: he won't actually do anything politically to the country, and status, like I've said before, does not make him any more important. Other people already control the country, not william. William isn't their prime minister, nor is he really the leader of anything. Thus, his 'power' is pretty low/diminished. Status-wise, being named prince/king is just a flashy title with no real power behind it, unlike how it was back in the 1600s. I could go rename myself 'prince fourside of king', and that name wouldn't net me any more power than I already have. As for the rest of your post, I can more or less sum it up with the words 'why should we care'.