This looks promising: an Arab League proposal to have the Israelis withdraw from South Lebanon in favour of the Lebanese Army. The latter would then occupy and shut down any Hezbollah sites.
It looks great for Lebanon because they retain their full sovereignty and get the Israelis out.
It looks good for Israel because it gives then an exit strategy from a messy situation. And it fulfills their war aims. Presumably Israel will have taken out most of Hezbollah's current offensive capability already. And it makes Lebanon take responsibility for any future trouble.
It looks good for future peace also because it comes from the Arab League. This means the Arab world will back it. Their prestige is involved.
It looks good for the US because it gives the lead to the Arabs. This wıll ameliorate resentment over perceived US interference in the region. And it will be a triumph for the Arab moderates and the principle of negotiation.
Let's hope everyone sees their best interests and gets behind it.