In 2005, the Superior General welcomed the election of the new pope as “a glimmer of hope.”
Even though devoted to the Vatican II teaching on religious liberty and to false ecumenism, as illustrated by his visits to the synagogues and mosques, Benedict XVI was aware of the current situation of the Church, the serious crisis that she was going through and the flaws, if not defects, of the liturgical reform. As for the Society of St. Pius X, after 35 years of existence, it had 451 priests and 4 bishops.
The General Chapter meeting at Econe in 2006, re-elected Bishop Fellay for a second term of 12 years. With him were elected Fr. Niklaus Pfluger, First Assistant, a native of the Swiss canton Solothurn, Switzerland, and Fr. Alain-Marc Nely, Second Assistant, a Frenchman.*** The line of previous policy was confirmed; on July 15, 2006, the General Chapter recalled the relevance of Archbishop Lefebvre’s Declaration of November 21, 1974 and stated:
In the dialogue held in Rome in recent years, the Society has seen the merits and necessity of two preliminaries  that it claimed, that would provide a great good for the Church by returning to Her at least a part of its rights to its own tradition. Not only is the treasure of grace enjoyed by the Brotherhood would come out from under the bushel, but it would bring the remedy and the mystical body so desperately needs to heal.
If, after completion, the Brotherhood awaits the possibility of doctrinal discussions, it is still in order to resonate more strongly in the Church the voice of the traditional doctrine. Indeed, its contacts with the Roman authorities occasionally have the sole purpose of helping to reclaim the Tradition that the Church can not deny without losing its identity, not looking for an edge to itself or impossible to reach "agreement" purely practical. The day the Tradition regain all their rights, "the problem of reconciliation will have no reason for the Church and find a new life." 
The following year, Pope Benedict XVI published on July 7, 2007, a motu proprio which finally declared that the Tridentine Mass had never been abrogated, and that every priest has the right to celebrate it. The SSPX welcomed the event, although it rejected the presentation of two legitimate forms of a single Latin Rite, a formula that is ambiguous and obviously intended to make the measure acceptable to bishops who are ferociously hostile to everything inspired by Tradition.
Finally, on January 21, 2009, after many difficulties that had been overcome during 2008, the Holy See issued a decree from the Prefect of the Congregation for Bishops annulling the effects of the 1988 decree which tried to cast aspersions on the bishops of Tradition. The doctrinal discussions, recognized as necessary, could finally open. They started in Fall of 2009, as the Society was beginning its 40th year. As of September 1, 2010, it had some 526 priests and 4 bishops. The good fight of the Faith continues, so that Christ the King might regain all His rights in His Church and over societies.