Charles Krauthammer, in an article posted at RealClearPolitics, puts it all in perspective. David Horovitz, Editor of the Jerusalem Post, makes the same point in his column there. He writes:
"There are those who have branded this latest conflict a continuation of Israel's War of Independence, and there is no little truth in the assertion. On both of the fronts on which Israel has been drawn into heavy fighting, its enemies can make no legitimate claim to be pursuing a territorial dispute: as of last summer, Israel relinquished its hold on the Gaza Strip; in Lebanon, it pulled back to the UN-certified international border six years ago.
"Except that, in both cases, the Jewish state's assailants are indeed pursuing a territorial ambition - to unseat Israel from its own sovereign lands. "