The bottom line: Hezbollah is winning. That's the hideous truth about the direction this war is taking, not in spite of the way the Israelis have waged their counterattack, but precisely because of it. As my source Mr. Frankly put it, "Hezbollah is eating their lunch."
Read the article to find out why.
I think the important point is not whether this outcome is good or bad. It's that people who have been urging a limited response on the part of Israel have been counseling restrain for fear of exactly this outcome: Hezbollah plants its flag atop the mountain of rubble that Lebanon becomes.
As an interesting side-note, CBC is reporting that Israel will not expand its current campaign past the pathetic strip of land it is even now working to secure. They've had enough, in other words. "Terror Capital" Bint Jbeil will be taken, and the Israelis will pack it in. Lots of bombs still to fall, however.