She is and always will be Jesus' mother. This alone should make Christians respect her and give her a place of great, great honor.
Roman Catholics have ascribed to Mary qualities that belong to God alone. Many Protestants marginalize Mary because to do otherwise would somehow reflect partial elements of the RC view, which is anathema to many Protestants.
Both views are wrong.
Protestants honor Mary for what Scripture tells us about her. To go beyond that raises the real possibility of promoting myths and legends and heresy. Mary had a valuable but limited role in God's plan of salvation.
We should focus our honor her Son. I am sure that Mary as God's true and humble servant doesn't want our honor but instead for the honor to be directed to Christ.