What Difference Did Lebanon Make?

Following Israel and Lebanon's most recent conflict, both Condoleezza Rice and President Bashar al-Assad of Syria claimed that the conflict heralded 'a new Middle East'. What is the significance of that conflict for Israel, Lebanon, Hezbollah and the Palestinians, and the broader balance of power within the Middle East?

Speakers include Roula Khalaf, Middle East Editor, The Financial Times, Nedim Shehadi, associate fellow in the Middle East Programme, Chatham House, Ahmad Khalidi, senior associate member of St. Anthony's College, Oxford and former Palestinian negotiator, and Richard Beeston, Diplomatic Editor, The Times.