I find it intriguing that the Papal election has chosen the Cardinal Bergoglio, Archbishop of Beunos Aires, not because he is from South America, but because he is closely involved in politics in his home nation. I'm willing to bet that he will not be long in trying to restate the Papal Decree which originally divided the world between Spain and Portugal in the 1500s - in favour of Argentinian's claim to the Falklands. You can be pretty sure of something else I should think.
I doubt there will be any move toward rethinking relations with other Christian professions of faith, nor will there be any move toward married clergy, much less the recognition of the ancient ministry of women, suppressed since the 600s AD. He faces some tough challenges, among them the corruption within the Vatican, in its financial affairs, in the power mongering in the Curia and the wheeling and dealing among certain lobby groups. The abuse scandals won't go away either, and the people involved are still in power in the Curia. It will be a very tough task.
It remains to be seen, what, if anything, will change.