http://www.nytimes.com/2008/05/22/world/middleeast/22mideast.html?_r=1&hp&oref=slogin This is important for many reasons besides the obvious one (which is peace):
1)Turkey is a mediator. This means that the United States may have lost more power in the Middle East than lost already.
2) Water.
3) Security.
(more too, but this is all I can think of off the top of my head)
Lets see how this plays out.