Why jump the gun, pause, reflect and perhaps let them go ahead. Did you see the democratic process taken by Abbas in the recent PLO conference? , Do you see how Democratic & tolerant is the Hamas Government in Gaza?. Let them - 2 choices - they will try and do something good for a change - then everyone wins (a solid, democratic country on the west bank is good for Israel), but the high probability is that they will do what all other Arab Regimes do - in which case, one day, Netanyahu or subsequent PM would be able to save them from themselves with the support of the population. Obviously they will try and attack Israel - but then at least Israel can respond against a state.
Law expanding definition of terrorist activity passes first Knesset reading (Haaretz)
from the article: Netanyahu seeks to foil Palestinian declaration of statehood, again