Other than the far left most Jews don't take the Arab Initiative seriously. At best and for politeness sake it is called a basis for negotiation. The Arab Initiative and the like is aimed more at the West as part of their effort to get the West to push Israel back to the 1967 borders in return for nothing. Other than Haaretz and the like you don't see any Jews clamoring for the Arab Initiative.
Hamas says Egyptian mediation has restored calm along Israel, Gaza border (Haaretz)
from the article: Arab peace initiative is another missed opportunity for Israel