To remedy this, of course, it will be suggested that the King have a set term of office, three years or five years or whatever. At which point we should simply change the name of the office from "King" to "President", and the name of the country to The Talossan Republic, and have done with it. I mean, why pretend?
I agree! Why pretend? A republic would be far superior to a kingdom in the first place.
I for one think that Talossa should adopt a semi-presidential constitution (think France, Mongolia, or Portugal), but I could absolutely compromise on a parliamentary republic (think Germany, India, or Ireland).
Talossa can still be unique, can still "be fun", and can still have knighthoods and orders and writs and awards and coats of arms and all those sorts of things
without a king. There is no reason why a republic, i.e. a non-monarchy, can't have previously monarchical things; in fact, all modern-day republics do!