While I do not agree with Hamas's views, I don't agree that pounding them into oblivion is the answer either.
I disagree. Unfortunately, in the Middle East, fundamentalist elements i.e., Hamas, Hezbollah, etc., view any compromises or concessions by Israel as symptoms of Israeli weakness. Israel's unilateral withdrawal from south Lebanon (2000), its complete and unilateral disengagement from the Gaza Strip (2005), and its terminating its military operations against Hezbollah (2006) were pocketed and advertised as proof of Israeli weakness. The situations in Lebanon and the Gaza Strip later grew much worse. Hezbollah gained significant influence in Lebanon's government. Hamas seized control of the Gaza Strip.
Therefore, in my opinion, Israel cannot and should not accept a return to the status quo ante. If it does, Hamas will trumpet the decision as Israel's having yielded to Hamas rocketfire. Israel's ability to deter aggression will have eroded further. Hamas will grow even stronger in the Gaza Strip.
Instead, Israel should insist, at a minimum, that the terms of any ceasefire agreement contain the following provisions:
• Hamas explicitly recognizes Israel's right to exist.
• Hamas commits to abandoning violence.
• Hamas agrees to respect existing diplomatic agreements.
• Hamas allows for an international verification regime under which it returns the Gaza Strip to the Palestinian Authority and disarms.
The first three conditions are those set forth previously by the Madrid Quartet. The fourth would reverse Hamas' military seizure of the Gaza Strip and would also implement Hamas' commitment to abandon violence.
Should Hamas fail to accept such terms, Israel should maintain its military operations until Hamas' capabilities are significantly destroyed. Otherwise, it would undermine its own credibility, security, and ability to deter future acts of aggression. Given past experience, Israel should not accept a return to the status quo ante. To do so would put it in a worse position in the not-too-distant future, if past experience is representative (a highly likely scenario given the terrorist actors involved).
My guess is that Israel will be pressured in coming days to yield to a return to the status quo ante, particularly by the UN. Given the UN's failure to bring about Hezbollah's removal from South Lebanon and to end Syrian and Iranian weapons smuggling to Hezbollah, the UN is not in a credible position to make such demands, much less provide any meaningful assurances on Israel's security. Therefore, any return to the status quo ante should be a non-starter for Israel.