The kingdom of Camelot represents the bright, idealized city which could only have been found in legend. Its galantry and symbolism inspire the audience, rallying it to the cause of Arthur and his shining collection of knights. But it is a city devoid of the common ailments one would expect of any other large city. It is a glowing city of gold, but with that image it retains an unreal quality which makes it seem little more than a city of fable and legend.
Even the symbols of Camelot are colored by the interpretation of the legend. The Round Table, thought to seat 150 of Arthur's knights, seats no more than 13 knights in this retelling of the tale. And far from a table meant for social gathering and commraderie, this table seems more suited for a corporate boardroom of the '90s than a mead hall of the Middle Ages. No longer a place of brotherhood and equality, this Round Table is reserved for the inner sanctum of knighthood, where only the best and brightest are permitted a seat.

Arthur: My truest, my first knight, Camelot is your home now. You are the future... the future of Camelot. Take care of her for me.
In his final act as king, Arthur passes his wife, his sword, and his kingdom on to Lancelot. Although Arthur is not shown to be "the king that was and will be" in this version of the story, Lancelot stands ready to take his place and carry on the ideals of Camelot. Camelot may not have died with Arthur, but it seems that it will only live on while it is passed down through the generations. There will be no return of the Once and Future King, nor a sequal to feature his second comming.