She said something along the lines of "even if I did take you back, hypotheticaly, it would suck because I would lose friends that I have told about the stuff that went down, and they would lose respect for me if I just went back to you."
This is both a problem and an opportunity for you, in my opinion. The way she's framed it indicates to me that she's holding ALL the power here (or at least, she PERCEIVES that she does, which for all practical purposes is the same thing). However, the fact that she's ASKING it is also a "buying sign." Sort of like a customer saying to the car salesman "Well, if we WERE to buy the car today, how soon could we take delivery?"
She needs to know that you BOTH have some decisions to make, and that she is not the only one here who does.