Some have noted that the situation in Egypt may mark the demise of Israel’s land-for-peace strategy. At the New York Post, Abby Wisse Schachter makes this point well, as she looks into Israel’s peace treaty with Egypt (h/t Israel Matzav):

Consider how the agreement with Egypt worked out. Because of its military success in 1967 and 1973, Israel actually had the entire Sinai Peninsula with which to bargain and that piece of land represented a massive physical buffer between the two countries. Then, after having relinquished the territory and removed hundreds of Israelis from their homes in Yamit (no they were not crazy religious “settlers”), the Israelis got a cold, even belligerent, peace with Egypt that never prevented Egypt from remaining the greatest producer of anti-semitic literature in the world. … And finally, 30 years later, the agreement still rests in the hands of one man, the dictator of Egypt. If Mubarak had been assassinated as his predecessor Sadat was, the accord might have been cancelled years ago.

It’s still far from clear how a new Egyptian government would impact the peace treaty, but, according to the Jerusalem Post, protesters in Egypt have been calling for the peace treaty to be revised by the leadership that succeeds Mubarak:

[Egyptian protester Hazan] Ahmed said he didn’t want Egypt’s peace treaty with Israel completely demolished, but for it to undergo a serious change.

“It should be remodeled. With Mubarak leaving, we know that whoever comes next will remodel the agreement.”

And, of course, any land-for-peace deal with the increasingly unstable PA would be an even bigger strategic blunder if the West Bank government ends up collapsing. Israel undoubtedly has taken note of this, and it’s sure to be factored into the negotiations with the Palestinians.