It is far more likely the day will remain, for the time being at least, a day of ignorance, mediocrity and division with some people using it to publicise their grievances, others seeking to deny them and most turning their backs on it.
And yet the vision is not as hopeless as it might seem. For those old enough to remember, Anzac Day once occupied a place in the nation's calendar that was not unlike what Waitangi Day has become.
Intended to be a celebration of nationhood and honour, it was transformed into a social battleground because of tensions arising from New Zealand's participation in the Vietnam War.
The dividing line then was between young and old rather than Maori and Pakeha but it must have seemed to many that the wounds would never heal and the day would never become universally accepted.
But over time, attitudes did change and Anzac Day has become everything - and more - that the old timers hoped it would be - not just a commemoration of a particular battle fought long ago on foreign soil but a celebration of who we are.
There is no reason why a similar transformation could not happen with Waitangi Day given the right spirit.
It would not require us to pretend that everything was perfect and all discontent and divisions were forgotten and buried in the past.
Many of these grievances have been incubated over more than a century and resolving them will take time, as is made clear by Geoff Cumming's article on the Hauraki claim published as the main feature of our Review this weekend.
Such differences should not necessarily prevent the nation enjoying and celebrating itself in the way that Mr Mikaere envisages - the New Zealand honours coming out, addresses to the nation, the music, the art, the food.
But it is much more than just a matter of imposing a fresh programme by edict.
That's not how or why Anzac Day changed and it won't be how Waitangi Day changes.
Rather the impetus must come from the people taking an interest. Which is why Mr Mikaere emphasises that the people - we - should reclaim the day.
Despite all the obstacles it could happen. It should happen, just like Anzac Day.