The Palestinians I work with see this as just a short term cease fire. One of them explained it as such:

(he is Christian Arab from Jaffa and now a Canadian)

Hamas actually expects that the Israelis will lay off, let them rebuild and then using the territories as bases to attack them at will - while the Europeans shield them from retailation. Moderate Palestinians who wish to go with the two nation concept, will be marginized and killed off by Hamas and similar groups.

Of course the other side of the coin is that if the Israelis move to remove the majority of the settlements they will probably ignite rigtht wing Israeli terriorism direct at the Israeli government.

fun fun fun