I think both sides will continue to play out the eye-for-eye MAD strategy - each side becoming ever more intent on destroying the other. At best, a coexistence of perpetual war.

I agree with the Major that, if left to majority rule, the outcome might be different. But, I think the Israelis will never allow majority rule. Each new act from either side just feeds the hatred and it will not win unless one side decides to concede to the other - a scenario that is effectively impossible to conceive of.