Unfortunately, Mubarak is an impotent old "has-been", in every sense of the word... He has lost so much credibility within the M E, and he knows it. I will lay anything you like, that he will not be able to achieve anything "genuinely constructive"!! Netanyahu knows this very well too! This is no more than PR, and an will achieve nothing more than gain yet more time for Israel in their quest to continue building settlements!! Netanyahu's demands will be totally unacceptable, he will make sure of that, and therefore the talks will eventually go nowhere. Then, will blame the Palestinian side for not being prepared to talk!! AND, he will have the nerve tell the world as much, with such a sincere and disappointed face!! IF, the talks do look like they are succeeding to achieve peace, there will be some "revelation" (Lebanon, Syria) which will leave Israel no option but to carry out an attack/air strike, which will then render these talks "null and void"... His tactics are well known... Netanyahu thinks/knows he has the US in his pocket. But even the US has had a sour taste left in it's mouth with Netanyahu and his government's antics...
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Security cabinet to convene Friday morning to discuss Gaza escalation (Haaretz)
from the article: Egypt FM: Still no basis for direct Israeli-Palestinian peace talks