This was speculated on before by such outlets as Stratfor.com, Jane's Defense, and even Debka.
The speculation is that Iraq is to be split up into two or three parts, with the center of Iraq, including Baghdad, going back to King Abdullah's family... King Abdullah's cousin was the original monarch of Iraq (killed and overthrown by Saddam Hussein in 1979.
King of Iraq was killed in revolution in 1958. Col. Qassem (sp?) came to power in that revolution.