Why not? This would seem to be a great step forward. Let Fayyad build the infrastructure and government and then actually make a state. One with real responsibilities. Maybe a declaration of independence similar to Israel's! The only thing to negotiate beforehand is how to arrange it so Israel can be the first country to recognize Palestine! A society with a self-fulfilling goal of improving matters rather than a national dream of constant war. Imprisonment of Shalit? on what charges? by what court? Build a country with some concept of justice and some capacity for governance and stop pandering to terrorist thugs.
Law expanding definition of terrorist activity passes first Knesset reading (Haaretz)
from the article: Abbas: I don't want to declare unilateral statehood