No, it is still in effect. It is the legal underpinning for all the Palestinian claims to all the Gaza and all the West Bank. Barak tried at Camp David to "kill" 242 by attempting to strongarm Arafat into signing a "end of conflict" agreement in exchange for his *promise* of *future* withdrawal, which would have killed 242. Arafat could not agree to giving up their legal basis for claiming that land in exchange for Israeli *promises* that they will consider giving back the land at some unspecified time in the future. Arafat went through that at Olso, and saw how useless those promises proved to be. This is the major problem; Israel is OBLIGATED under Int'l Law to give that land back, but they keep claiming that it is a CONCESSION on their part when they offer to do so. It isn't. It is an OBLIGATION.
U.S. to deliver 8 advanced F-16s to Egypt on July 30-31, U.S. embassy in Cairo says (Reuters)
from the article: While Livni is polishing her wording