"Palestinians are determined to go ahead with their UN membership bid as an Arab League follow-up committee endorsed a final draft of the request to be presented to the UN General Assembly, a top official said. Saeb Erakat brushed off as a public relations stunt Israeli attempts to lure the Palestinians back into peace talks based on the 1967 borders if they abandon the UN membership campaign." http://bit.ly/oZ28SL

"Full UN membership is an unrealistic expectation at this point. A single veto in the Security Council can prevent it from happening, and the Americans have already made it clear that this is precisely what they will do. [...]
The second option is an appeal to the General Assembly of 193 countries, where a simple majority is enough to achieve the status of an "observing non-member state." The Palestinians can already count on this majority. So far 122 countries have bilaterally recognized the state of Palestine, and according to Maliki there will ultimately be 140." http://bit.ly/nFPMRz

"The Israeli government is hoping that the economically and politically stronger members of the UN will side with Israel as approximately 140 UN members from "developing and Third World" countries, amongst others, are expected to vote in favour of Palestine." http://bit.ly/oofzbJ