In the late 1800s and early 1900s Queen Elizabeth was still refered to as 'The Red Hag' by the people of county Clare.
This was not an association made out of any reverence :-)
There is a Sheela very close to one place this was recorded at, which implies to me that, if there ever was a hag link then it had certainly been forgotten by then. This Sheela is on Killinaboy church, right above the door and is considered by the locals to be an image of the patron saint of the area ... go figure that one!