The story of the Manson Family, the Marcos regime and Adolph Hitler is also quite interesting. That doesn't mean they needs to continue in 2010.
The UK has a great military, a sound democratic system and a prominent position on the World Stage. But talks of Queens and Princes is an complete joke.
I grew up in a Catholic household and I'm the first to point out the hypocrisy and absurdity of tradition. Brits should be on the same wavelength. Imagine if America made it law that a Bush had to hold office...we'd be a bigger laughing stock than we are now.
It's a matter of national pride & in many cases that's the only reason these royal families still exist, since they hardly have any real power left (usually anyway. I don't know how much power the British monarch has)...
I myself would prefer a republic, but a majority of the Dutch people prefers a queen (& future king), who'se upkeep is paid by said people, just so that the queen can cut some ribbons and sit on a throne once a year to read the Speech from the Throne.