Putting aside the morality of it all, the balancing of the risk reward ratio on this is totally lacking on this thread. But it should remind Bush to get a pledge from Israel that it will stand down prior to the war being initiated. Not that I think Israel has the slightest intention of indulging the walter mitty fantasies here, but as they say, trust but verify.
With regard to the Palestinians, you must be forgetting that they cheered on Saddam when we fought the Gulf War. And they cheered and laughed and handed out candy, when 9/11 happened. As far as I am concerned, they already have 2 strikes against them. And when the third strike occurs, which it will given their overwhelming support for the terrorists in their midst, they are going to have to learn (just like the Japanese and the Germans learned before them) that there is a terrible price to be paid in these times for following genocidal leaders like Arafat and genocidal groups like Islamic Jihad, Hamas, Hezbollah and all of the other groups that make up Islamic Terrorists, Inc.
Perhaps you remember that in exactly these circumstances Israel sat quietly under a hail of Scud missiles (sent to us as the local representative of the The Great Satan) while the US rained down smart bombs on Iraq?