If Israel manages to survive and over time evolves into a Jewish state, this period will be remember as the beginnings of a Jewish state. This isn’t impossible since once the hilonim realize they are dying out they might agree to be a tolerated minority in a frum state – and once you have the medinah run by people interested in prioritizing Torah and Mitsvos rather than seeking fulfillment by ruling over others, peace will become possible.
More likely it will collapse, given the overwhelming long term prospects of the Islamic countries becoming more developed and military competent, and given the tensions between the secular ruling caste and the the growing hareidi population – in which case it will be remembered along with Shabati Zvi, and will be something we don’t talk about.