Why not? IMO, that's the only viable option. The Israelis should say "Screw the UN", and, for that matter "screw the US State Department" when it comes to their national security.
There aren't a lot a palatable options. Israel can't maintain a state of occupation indefinitely, it can't annex the area, and no one else is willing to either. Some sort of state is essentially inevitable. It's only a question of who runs it. Granted that the Palestians seems to be possessed of cultural insanity it's not clear that this won't lead to eventual war anyway.Statehood often moderates terrorists, especially over time. Menachem Begin continued on a terroristic bent even after Israel gained statehood, he became a politician, a leader, and eventually a statesman.
The "road map" does not threaten Israel proper. Indeed it makes it more secure as the "Quartet" would become de facto guarantors of Israel's security. What it does is shoots down the dream of some in Israel (and some here) of expelling three million people from their homes in order to expand "Eretz Israel".
Ironically, their goal is identical to that of the radical Palestinians, with only the names of the people and places changed.
-Eric
The Jordanian Hashemites have been occupying the "palestinian" homeland for 81 years now. The so-called "road map" is yet another reward for Arab atrocities against the Jews. Bush and Blair would be wise to butt out of Israel altogether. Their handling of the Iraq War has been courageous and masterful, but this is folly.
As in '91, we are looking to win the war and lose the peace.