Is the last word use to mean traditonists in the Catholic sense?
The period during which an episcopal see or diocese is vacant, that is, without a bishop. Generally applied to the See of Rome. Procedures during this time follow the norms set down by Pope Paul VI in the apostolic constitution Romano Pontifici Eligendo (1975), superseding the directives of Pope Pius XII (1945), and Pope John XXIII (1962).
Whatever their delusions (and they are numerous) the usual gang of pseudo-traditionalists who produce the Remnant and have produced this document are not sedevacantists. Rather, they are somewhere between sedevacantist and actually Catholic. Late in the article, one will find the telltale trademark whining of their ilk against the disciplines rightfully imposed by John Paul II (and incidentally also by then Cardinal Joseph Ratzinger of the Congregation for the Doctrine of the Faith and Cardinal Gantin of the Congregation for Bishops,) against the ecclesiastical revolution perpetrated by the execrable rebel archbishop Marcel Lefebvre, founder and excommunicated schismatic and guiding light of the so-called Society of St. Pius X or SSPX. As a gesture of extraordinary mercy toward the living SSPX bishops who had been excommunicated along with their cult leader, Pope Benedict XVI lifted their excommunications. They have the gilt-edged nerve to purport to be in "negotiation" with the Vatican, making "demands" that the Vatican abandon the decrees of Vatican II (admittedly not the best or wisest of Church gatherings), abandon the Novus Ordo Mass altogether, etc., etc., etc., to essentially purchase from their impudences what they already owe by virtue of their priestly vows: OBEDIENCE to Church authority and religious superiors.
Above all, they despise John Paul II for Ecclesia Dei and his excommunication of the SSPX leaders and his declaration that they were in schism. They have a two-edged campaign in which they throw tons of diversionary ack-ack into the atmosphere to distract Catholics from the obligation of submission to papal authority (questioning the validity of JP II's actions, his jurisdiction, his character flaws as they hallucinate them, imagined "due process" violations, etc.) and unrelenting character assassination against John Paul II himself or anyone with the temerity to defend his memory from their attacks and finally a cornucopia of historical hallucinations to justify their ecclesiastical revolution. While any bishop has the power to consecrate a priest as a bishop, the AUTHORITY to choose those to be consecrated lies with the pope. JP II directly ordered Lefebvre NOT to consecrate bishops without the pope's permission, denied that permission, obtained Lefebvre's promise not to consecrate them and Lefebvre nonetheless consecrated them anyway on the fantasy that it was an "emergency" since without him and his four co-conspirators in ecclesiastical grand theft (illicit consecration of bishops) the Church would not survive. Never mind that no less an authority than Jesus Christ promised that it would survive.
Now, it may be suggested that I am editorializing so I have a suggestion that will remove my opinions from the mix. Read Ecclesia Dei of John Paul II to see what he did. Read the website of SSPX to see what they claim. Judge for yourself.
I am not familiar with the entire laundry list of signatories to the Remnant's statement in resistance to the inevitable and rightfully inevitable beatification of John Paul II but Michael Matt (a dissident member of and resister of the Matt family that publishes the more normally traditionalist Wanderer but does not attack popes), Christopher Ferrara and John Vennari are not particularly known for the restraint and sobriety of their respective opinions.
On May 1, 2011, John Paul II will be beatified whether they and their fellow dissidents like it or not. He will not be unbeatified thereafter. He will likely be canonized as a saint thereafter if a pope sees fit to canonize him. These events will give the love slaves of the SSPX cult of the excommunicated Marcel further opportunities to examine the question of whether they wish to be members of the Roman Catholic Church, not on their eccentric terms but on the terms of the Church itself.
Alas, in our fallen and still falling world, we have no longer available to us the array of earthly punishments that were available in the Age of Faith (the Middle Ages) but the papacy is still in possession of the keys of His Kingdom and should use them vigorously if the tiresome anti-Catholic revolution of SSPX persists.