"(Now for the big question....is it HIZbollah or HEZbollah????)"
As long as a laser guided bomb is on it's way to their location.... the I or the E don't much matter to me.. I've heard/read it both spelled and pronounced lots of different ways... to me it was always Hezbolla.
On edit: I actually think the real Islamo-phonic spelling is Hiz'b'allah (*something*-of God/Allah or whatever) or some wierd crap... don't qoute me though because I'm not sure...