After the death of the Duke of Edinburgh, the title will be merged with the Crown. It is intended that at some point The Earl of Wessex will indeed get it.
You can find more detailed discussion about this in the Questions About Titles thread.
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Queen Elizabeth: "I cannot lead you into battle, I do not give you laws or administer justice but I can do something else, I can give you my heart and my devotion to these old islands and to all the peoples of our brotherhood of nations." God, Save The Queen!
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