I have my reservations, but maybe Bush has the Iranians squirming a bit:
http://www.newsmax.com/archives/ic/2007/1/15/215725.shtml?s=ic
"A Saudi official said on Monday Iran had asked Saudi Arabia, a U.S. ally, to help ease tensions between the Islamic Republic and the United States, as Washington held out the possibility of "engagement" with Tehran if it changed tack in Iraq.
Iran's chief nuclear negotiator Ali Larijani delivered a letter from Supreme Leader Ayatollah Ali Khamenei and President Mahmoud Ahmadinejad to Saudi Arabia's King Abdullah ahead of Rice's visit to Riyadh.
The official, who declined to be named, said Iran wanted Saudi leaders to relay a goodwill message to Washington."
There's a very interesting dynamic at work here. Perhaps more important that Bush's recent speech is the growing apprehenson among Sunni Arab nations vis-a-vis Iran. I think it's conceivable that Ehud Olmert's recent "slip" regarding the nuclear status of Israel was an intentional public ice-breaker with the Sunni Middle East. Behind the scenes, however, it would not surprise me if the Saudis, Jordanians and Egyptians are quietly preparing to accept Israel as a nuclear nation under the agreement of a protective umbrella against Iran. Such an agreement would be earth-shattering, and it may sound silly at first, but the only thing standing between Iran and status as an economic empire are the Saudi oil fields. In the greatest of ironies, non-nuclear Sunni Arab nations may be realizing that they actually NEED Israel for their own protection.
If Iran actually gets around to testing a nuclear weapon in the coming years, expect very strange bedfellows to make themselves known.