I assume that you're a "Mr.", and probably an American. And you're absolutely wrong. Israel indeed has many military gadgets and doodads of all description; not the least of which is its fearsome (but politically impotent) nuclear arsenal. However, it has become equally clear (during the past 5 long years) that it lacks the BALLS to turn all those shiney F-16s eastward and see what national destiny awaits in the skies over sunny Iran. Yours is a melancholy/militaristic vision of Israel 40 years ago. But things have changed. It began to happen in the 80s, when its invasion of Lebanon created the dragon called Hezbollah, which eventually chased it out of the country. The downward tangent continued in Lebanon II when its entire active army was checked by 2,000 Hezbollah regulars and their innovative use of tactics and technology. And as for your take on the so-called Gaza "War", the air force of Sweden or even Nigeria could have garnered a similar "victory" over that saprison compound.
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from the article: U.S. bemoans Israeli plan for new West Bank houses