Early Tuesday morning, Prime Minister Netanyahu and opposition leader MK Shaul Mofaz (Kadima) reached an agreement to cancel early elections and instead form a national unity government that will fold Kadima into Netanyahu’s coalition, giving the combined parties a significant legislative majority, as well as making Mofaz deputy prime minister and Labor Chairwoman Shelly Yachimovich the new opposition leader: http://www.haaretz.com/news/
national/in-surprise-move- netanyahu-mofaz-agree-to-form- unity-government-cancel-early- elections-1.428843
A spokesman for Mofaz said that the peace process figures in the unity agreement, and that “part of the deal” Mofaz and Netanyahu have struck is “to turn on the process”: http://www.nytimes.com/2012/
05/08/world/middleeast/leader- of-israel-centrist-party- kadima-agrees-to-join- netanyahus-coalition.html
Netanyahu and Mofaz formally announced the agreement on Tuesday, outlining four priorities for the unity government, the fourth of which is to “move forward responsibly in the peace process”: http://www.jpost.com/
As for an early analysis, one can check out J.J. Goldberg at the online Daily Jewish Forward, who opines that the “Bibi-Kadima Unity Deal Saves the Peace Camp.” Stay tuned to the news to see if he’s correct, but don’t hold your breadth.