From what I’ve read, it seems like the Catholic Church was quite a mess and rather corrupt at the time of the Reformation. However, it is quite likely that Luther would actually support the Church of today, but there are thousands of various protestant sects and Christianity is so divided. God certainly did not want this to happen.
So how do you think of the reformation? Generally good, with some bad effects? Generally bad, with some good effects?
The Reformation was bad in the immense violence it engendered, and the long division of the Church, along with the misplaced ideas some Protestants have about the Catholic church. It was easily the most violent episode in Church history, leaving the crusades for dead for lethality.
For a summary of some Reformation violence, the following site has information. Bear in mind it’s an atheist site, so take it with some discernment.
atheism.about.com/library/FAQs/christian/blfaq_viol_reformation.htm
However the positive developments were greater Biblical scholarship with medieval analogical pursuits not being pursued by Protestants, and the hastening of democracy, which would not have occurred so rapidly under the old Catholic regimes. For whatever reason, it was the British model, from which the Americans drew their basic ideas even if they rebelled against it, which most rapidly developed democratic principles. So without the Reformation, modern society would be very different.
The problem faced by the church now is to reunify fragmented Christendom, while at the same time acknowledging that democracy is here to stay, unless Islam gets the upper hand. Then we’ll once again see a theocracy, but we’ve seen what it will entail - Jihad, Sharia Law, inequality and mistreatment of women, polygamy, the loss of freedom, fatalism, and so on.
So the Reformation had both good and bad aspects, and they’ve lasted for centuries.