EXECUTIVE SUMMARY: This study explores the strategic-military implications of the establishment of a Palestinian state along the pre-June 1967 lines. Its central thesis is that the creation of such a state, on the heels of the IDF’s total withdrawal from the West Bank, will not only deprive Israel of defensible borders but will almost certainly lead to the advent of a terrorist entity like the one created in the Gaza Strip – at a stone’s throw from the Israeli hinterland.