Paul Belien at the Brussels Journal blog has been all over "the Belgian Crisis" like mayo on frites, deriding the international media for not covering what he calls "Yugoslavia in slow motion" and speculating about Europe after Belgium. Belien might be jumping the gun a little bit,
When the murmurs first started that Belgium's political deadlock could lead to a split between the country's French-speaking and Flemish speaking groups, we, like nearly everyone else, treated it as a joke. […] Europe's strength comes from the fact that it is not a nation but a "network that is bound together by laws and regulations," a revolutionary development in political history. The Flemish-Walloon split is an ugly ghost of Europe's past that, if it comes to pass, would put the lie to Europe's supposed post-nationalist enlightenment. This is probably why Euro-skeptics like Paul Belien of the Brussels Journal seem so anxious for it to happen.
Belgium may indeed be held together only by "the king, the football team, and a few beers" as would-be prime minister Yves Leterme has said, but I'll take that over a country held together by race and religion any day. Bonne chance and veel geluk to those working to keep the place together.