Saddam knows his history, and knows what works. What does not work is laying down your arms prior to battle. Saddam has his heroes. They include folks like Nassar and Stalin. Saddam wouldn't even consider doing this scenario, as it would not raise, but lower, the Arab streets reverence for him. Saddam is not driven by weasaling out of war with the US, like perhaps Bubba might, if Bubba's personality were put in that situation.
That's funny! Maybe I think too much like Bubba, oh-oh One thing though to keep in mind. He doesn't give-up his conventional capabilities and is not required too do that. Such a senario is highly unlikely but it would perhaps buy him time and it need not gain him prestigue with the Arab street, but rather with the left if properly done.