It's a good way to manage conflict. In my definition of peace, neither side would consider attacking the other even in the circumstances when easy victory was assured. Like US and Canada. Can you honestly say Egypt would not consider attacking and destroying Israel if an easy victory was assured?
Man shot dead in northern Israel town of Bi'ina, police say the murder was gang related (Haaretz)
from the article: Netanyahu's choice: Will he be a peacemaker or a pariah?