Full Blooded Slytherin

In an unexpected turn of events, Harry Potter's Horcrux is removed by the Basilisk. Being called Heir Of Slytherin certainly effected Harry Potter. What will the Wizarding World be like when their courageous Boy-Who-Lived becomes the Cunning and Ambitious Boy-Wants-to-be-Legandary. Will the Wizarding World recognise Harry Potter as a threat or he gets his chance