Basically, this has been a silly game that our government has been playing for the last 14 years.
I can see that interpretation. Prior presidents shouldn't have let this drag out this long -- one way or the other.
But the timing of this, just following the "Great Obama Islamic Suck-up Tour of 2009", is not good.
I would think that it might signal to Israel that they have IN DEED lost the US as an allie, goading them to make important strategic decisions in the region without the involvement and/or consultation of the US...