Given the brutal blockade of Gaza, the continuous encroachment of settlers in the occupied territory, the continued refusal of a two-state solution, what exactly Israel expects to happen?
It is not like the Palestinians have F-35s and Abrahams tanks paid by the US in order to wage a proper war against Israel.
Israel, given its own history (google for Irgun, Stern Gang, Lehi, Hagannah, etc) should be able to predict the end result of its actions.