There are some clear indications that the intention of the Israeli government is to destroy in whole, or in part, the Palestinian people, for example by killing members of the group, or inflicting upon it conditions calculated to bring about the destruction of the group.
There's a wealth of quotes from high ranking officials, going all the way up to the Knesset, stating almost exactly that. One quote I think of from time to time is "Erase them, their families, mothers and children." given in a motivational speech directed at the IDF.
Given that this is their intention (and I have every reason to believe it is), I'd say that this has been a pretty successful affair for Israel. Sure, Jews worldwide (including Israel) are much less safe now than they were two years ago, but the Israeli government does not give me the impression that this is at all their goal.