I think the final result is going to be a hard fork that will not be a real menace to BTC in the short term but it will not be all bad to have this latent "competition" so BTC does not take so long to make a decision to scale.
Waiting 3 years to scale again will not be feasible anymore because BCC (or BCH) will be there to remind everyone not to get sleep for too long.
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Not to mention with platforms like EOS coming out that tote significant improvements on transaction speed and scaling, there's the slightest chance BCH may actually be a more eligible competitor. In a world of 7 billion people and 1 million transactions a second, scaling matters.