I made no secret of my surprise that Israel didn't launch a ground invasion this time. I was really surprised for the simple reason that by negotiating a ceasefire when they did, they left many of their strategic goals in tatters. As I posted above, their attempt to deny Hamas Farj 5s was a failure. Their attempt to destroy the organisational structure of Hamas was a failure. Their attempt to terrorise the people of Gaza into submission was a failure. In fact, as has been said on here, the end of this conflict has had the opposite result to their intentions.
That doesn't sit well with Israel. Israel is a ruthless and merciless combatant and, despite the new reality in the Arab world, despite the pressures from the US etc, I just can't see Israel accepted this result for very long. Its not in Netanyahu's blood to give Hamas a strategic victory. Therefore I think another bloodbath is very likely, even if all indications are that the result of more bloodshed will be the same.