Funny enough, in a thread in the Teens section a while back, one of the Anglican members said that technically, Methodists aren't necessarily Protestant because they aren't products of the [presumably initial] Reformation (#and certainly not out of protest, but inconvenience and - is 'schism' really the right word?#), and didn't spring out of the Catholic Church or the general said environment like Anabaptists and Lutherans did.
The problematic area in that, however, is that on the surface, Methodists do seem to have more in common with groups traditionally identified as Protestant, even though much of the core theology was lifted from the Thirty-Nine Articles of Anglicanism (24 of the points, IIRC); likely the surface appearance is due to having accepted the Articles with more Protestant overtones. Of course, the use of the word 'Protestant' to mean anybody who isn't Catholic or Orthodox (and depending on who you ask, Anglican) does still apply.
#my own comments#