Two Important posts at 'No Quarter' that you need to read.

Larry Johnson - Hezbollah Is The Roadrunner
"Israel and its supporters in the United States must come to grips with a stark and uncomfortable fact--Hizbullah is not going to be disarmed, it is not going to disappear, and, in all likelihood, it will be an important political player for years to come. Hizbullah in the last four weeks has accomplished what no Arab or Muslim Army has ever done--they have fought Israel to a standstill. That fact is already resonating throughout the Muslim world. The Arabs in particular, who have lived with the shame of not being able to defeat Israel in previous engagements now has a new champion. Hizbullah is the Army and Nasrallah its face. Beep, beep."

and

SusanUnPC - The Demo War
"...straight out of Bush's morbidly obese book of "lessons not learned," is the planning and backing of the Israelis' war against Hezbollah -- that little, surely manageable skirmish, and yet another Neocon ninnies' "wet dream" lived out in the flesh, so to speak -- and, most astonishingly of all, intended as a preparatory "demo" for a war against Iran."