Peru Might Be The Place
If and when Vatican III is ever held, it might be appropriate to hold it in Peru. That country is now experiencing every tension of the modern church. The progressives vs. the traditionalists. The liberation theologians vs. the pastoral theologians. There's even a scandal afoot that would make a great plot line in the next installment of The Davinci Code, if the author writes another.
Anyway, here's the article by John Allen of National Catholic Reporter.