Since I last blogged on the subject, the major Palestinian terror groups have agreed to cease attacks against Israel, and the Israelis have begun a pull-out of some of the Occupied Territories. One important thing the PA gets out of this is time. Doubts remain on whether Abbas has the strength to win a confrontation with Hamas, and this truce will allow them to demonstrate their willingness to suppress terrorism in the areas now under their control while rebuilding their infrastructure when the confrontation eventually comes. The big story to watch for is not small attacks on settlements and demonstrations, but transfers of funding to the PA from the West. And all of this could still be derailed if one side or the other begins behaving provocatively.