"What we got here is...failure to excommunicate"

An item in the February 8, 2009 St. Al's bulletin (page 2) addresses the lifting of the excommunication of the four bishops of what it calls "the Society of Pope Pius V" (meaning The Society of St. Pius X).

It might mean that this is the first step in a process whereby these "Catholics" might be once more in union with the church if they accept the teaching of the council.

If bishops who don't accept the teachings of the Second Vatican Council can be called "Catholic", can priests who don't accept Sacrosanctum Concilium 22 be called Catholic* ?

P.S. See Revisiting Vatican II