I don't know how credible we could be at facilitating a peace summit given the war going on in Iraq, but now that Arafat is gone, we should be viewing this as a fresh opportunity to exert leadership and deal with these age old issues / problems in the middle east. Unfortunately, the best guy to make that happen was Colin Powell. It may just be my perception, but I think Condi Rice has damaged her credibility with her unyielding and stonch defense of every Bush administration decision and she has some work to do to establish herself as Secretary of State.