The West Bank is disputed territory, both Israel and the Arabs have their legitimate claims, the world cannot and will not turn the clock back to 1967. The Arabs had 20 years (1949-1967) to create a new Pal Arab state on the WB, Gaza and east Jerusalem and did not. If the Arabs are serious about accepting Israel, then let them get back to the negotiating table and be prepared to compromise in order to get their own state - just like the Jews did in 1947 (which was another opportunity blown by the Arab leadership).
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Mideast "quartet" will prepare report on peace prospects, resumption of talks (AP)
from the article: Hamas: 'Resistance' against Israel is only option left for Palestinians