I think established democracies would be more accurate. The PA is far from being a soverign country at this point anyway. And we'll see just how democratic the PA remains after this election. Germany was a democracy when Hitler rose to power, but it ceased to be a democracy after Hitler got elected. I suspect that we will see the same thing in the with regard to HAMAS. But if Hamas does allow future elections I seriously doubt they would win the next one unless they radically change their approach to the conflict. (no pun intended)
With regard to your assertion that Bin Laden would be elected in Saudi Arabia, Jordan etc. I doubt it. In Jordan they have had mass protests against Zarqawi and in Iraq, where the candidates that were surrogates for Al-qaeda were soundly rejected.
Al-Qaeda condemned the election to begin with. The real question in Iraq is what about the surrogates for Iran.