On Palestinian Statehood

There seems to be one hugely overlooked issue that needs to be addressed on Palestinian statehood and I don't see it mentioned in the conversations. It seems clear that the Palestinian statehood issue could possibly be considered IF, if they officially recognize Israel's right to exist and follow that up with no longer bombing Israel and Israelis. Then and only then, I think it's obvious, the possibility of a Palestinian state can be evaluated and considered. Link: http://www.google.com/#sclient=psy-ab&hl=en&source=hp&q=new+york+times+palestinian+statehood&pbx=1&oq=new+york+times+palestinian+statehood&aq=f&aqi=g-v1&aql=1&gs_sm=e&gs_upl=3093l10488l0l10708l36l21l0l0l0l1l1075l6006l0.7.7.3.2.7-1l20l0&bav=on.2,or.r_gc.r_pw.&fp=dc9b7cc97129edc0&biw=1440&bih=727