CAIRO, June 26 (Reuters) - A cautious nod from America's Arab allies to Washington's new Middle East agenda is at odds with popular scorn, but is a pragmatic move to maintain influence in the only game in town, analysts said on Wednesday. Egypt and Jordan -- the only two Arab states which have peace treaties with Israel -- called the long-awaited policy speech by President George W. Bush a good first step out of a regional logjam, while glossing over what amounted to a call for Palestinian President Yasser Arafat's removal. Saudi Arabia, another vital U.S. ally and key player...