The Palestinian initiative has aldready been wildly successful. They have managed to sideline the USA from its previously eclusive role of mediator in the the euphemistically titled "Peace Process" Obama came out so masively on side with Israel that the true USA position and its bias is cast in stone. That process is dead ,and will never be the same. THe Palestinians have received good publicity. When the dust and hysteria settles down, new and more productive negotiations will result which will require banging a few heads together, rather than continuing Israeli Appeasement.
Suspect Bangkok bomber arrested, found with possible bomb-making materials (Reuters)
from the article: Abbas to seek full UN recognition despite Western pressure