The Arab Peace Initiative (API) is receiving a great deal of attention these days, primarily from Israel, but also from Egypt, the Gulf states, and others. Israeli Prime Minister Benjamin Netanyahu recently said the plan had “positive elements,” after almost 14 years of ignoring or dismissing the proposal. Even more unusually, new Israeli Defense Minister Avigdor Lieberman said he agreed with Netanyahu’s positive assessment of the plan. First floated by Saudi Arabia and unanimously adopted by the Arab League in 2002, and reaffirmed in 2007, the initiative basically suggests that the whole Arab world would normalize relations with Israel in the event of a peace agreement with the Palestinians and an end to the occupation of Arab lands seized in 1967. It’s not hard to see what all parties find attractive in refocusing attention on the proposal. But is the API actually and at long last really in play, and could it be the basis of forward movement in the stalled Palestinian-Israeli negotiating process?