What do you think will happen to Religion if Extra Terrestrial Life were discovered?

[Oldandeasilyconfused]

But what if this where an ancient, peaceful and incredibly advanced race who's first question to mankind was, "Who's this God you keep talking about?"

Unlikely.

I think they'd probably say something like "Oh,how quaint!" and then fall down laughing. (unless of course they were Vulcans,who don't laugh)