That's a cool question. Worth a quick investigation.
My findings are that when you re-render the page include it is reloaded. I created a queue page that conditionally renders the include based on some arbitrary factor. SO you select an item in the queue (which loads the include) and then turn off the rendering of the include - and turn it back on. The include reloads without the context of the queue item you selected.
I suspect this is not what you were expecting. But that is the way its coded now.