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You should be ok with just gluing the tip back in place. If I remember right, the plastic piece just clips to the backside of the steering wheel and isn't under much stress at all.
I believe it is a clock spring that connects to the airbag and keeps the wires from winding around itself when you turn the steering wheel.
That said, I would wait to hear what others (more educated than I) have to say about that tab.
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