There is no good having a global brand involved making a fool of themselves. Honda are damaging their own name, damaging Mclaren(though largely their own fault to, them putting large design limitations in place on Honda) and ultimately having two cars constantly dropping out of races and such a big team fail so consistently which also means they weren't really providing much in race entertainment is not good for F1 by any means.
I'd be happy if they'd already given it up as chasing something that won't happen now. Let Mclaren, particularly without Dennis involved, make a better choice and take a Renault engine or something. Ultimately the way the other three engines stand Renault is the only engine for which they aren't the best team using their own engine and are quite heavily invested in making every Renault using team look as good as possible.