
My reaction: meh. Parole parole. Lots of rhetoric, precious little substance. Good political theater, with the Israelis pretending to be righteously indignant even though the speech didn't actually change anything with regards to them.
The 1967 borders have been official American policy since 1967. Sometimes the Prez brings them up, sometimes not, depending on which way the wind blows. It was news back when George W. Bush appeared to backtrack from them in a letter to Ariel Sharon, but even that didn't become the official American line; Obama's speech is only significant to the extent that it goes back to the rhetoric before that bit of correspondence.
Both Obama and especially Netanyahu are way behind the curve. The initiative is now with the Arabs.
