Global South Primates have met in Bangkok and issued a communique (see, e.g. Thinking Anglicans).
I note 17 primates signing (out of 38 across the Communion).
I note a big tick for communion with the See of Canterbury.
I note a big tick for the 'faithful' in TEC, ACNA and ACCan.
I note a black mark against some recent decisions of TEC.
I suggest the re-alignment of the Communion continues.
The demise of the Covenant is not the demise of new arrangements for the Communion.
Opponents of the Covenant have effectively tried to institute a different 'covenant' in the life of the Communion. Working on our own GS' wording it is the Covenant of fuzzy Anglicanism.
I do not sense that the 17 Global South Primates are would be signees to the Covenant of fuzzy Anglicanism.
UPDATE: with H/T to Michael A, Bishop Dan Martins blogs about the GS event here.
UPDATE: I note this post at Episcopal Cafe which questions whether the communique was put together in a manner fitting the signatures being collected up with it, as though all signing all knew what to which their names were being put.