A second "palestinian" state achieved by the vivisection of Israel would be national suicide.
The bloody thugs led by Arafat the Egyptian will not be happy untill they get the war for which they're begging. There are another several generations of would-be "martyrs" waiting in the wings, fully steeped in the worst anti-Semitic mind-poisoning of "palestinian" schools. Pieces of paper will not change this; some wars are unavoidable, and it's better if they're fought at the convenince of the civilized.