That raises an interesting question: is the 'other' forgiving of Christianity because it has reformed, or simply because it dominates the world financially, technologically, militarily and culturally?
It's hard to hold a grudge against your banker, your teacher, your policeman or your favorite entertainer.
Judaism has also had a reformation, but Israeli politics is dominated more by hardliners, including ultra-Orthodox fundamentalists. Yet countries, including India, want to do business with them, partly because they have excellent technology and can provide benefits to their partners.
So, while I agree that Islam needs a reformation, for its own good as much as for the rest of the world, I am not sure that it will be enough to garner respect from the world.
China has always been respected, in a nebulous way, for its ancient culture but proper recognition and respect only came recently with its economic might. Same is true, to a lesser degree, about India.