I hope that this material will provide an informative overview on the current fighting in the region. Read and draw your own conclusions; I've never been much of an expert on war in the Middle East.
From Bloomberg, "Bush Counting on Israel to Quash Influence of Islamic Militants". An overview of the battle between Israel and Lebanon-based militant group, Hezbollah.
And John Mauldin has included commentary from Stratfor's George Friedman in his "Thoughts from the Frontline" letter. I'll include the link here.