You must realize that the suicide bombings will continue under such a plan, and the necessity of "incursions" will be no less, and the euroweasles will become even more shrill in their idiotic condemnations.
Forget it, get it over with, throw the bums out.
However, given total police control, it would be far easier to infiltrate the palestinian ranks and nip more of it in the bud. At least I think it would be. I think the Israelis handicap themselves currently, because their response is an all-or-nothing venue; roll in with the IDF, or back off and let the pot boil over some more.