Nope i say change it personally i prefer 'land of hope & glory' or even 'Jerusalem' LOL I think a National Anthem should be about the good of our Country rather than the Royal heirachy. But there are Countries with worst national anthems than our one at the moment & even if we stick to god save the queen it will still mean a lot as English pride anthem during the World Cup LOL
Though have to say interestingly i wasn't aware there were more verses to it although only bit i know proper is lalallalala ... god save the queen pmsl in fact know Jerusalem lyrics much better maybe that could be reason as we arn't like the Americans having the national anthem as morning prayer everyday pmsl