I just got back today from spending 10 days in Israel.
I know first hand that the situation that is goign on right now is not pretty, but I stand behind Israel and the course it has pursued.
Before I started my trip, Lebanon and Israel were getting along just fine - problems were basically isolated to the Gaza Strip with Hamas, and things were satisfactory along the northern border. That however, changed with the kidnapping of two Israeli soldiers, after the Hezbollah crossed over the internationally-accepted border, which is most certainly an act of war.
While you might think Israel's response is disproportionate, I think it is appropriate. Hezbollah is a terrorist organization, of which the Lebanese government and citizens have very little to no control over. Israel has had it with the Hezbollah, and is ready for them to stop being a threat to the state of Israel. Israel would glady sign a cease-fire, should their soldiers be returned, and the Hezbollah disbanded from Lebanon. Unfortunately, this is not close to happening, so Israel is doing it's best to make things happen, with as minimal damage as possible.
Unlike the Hezbollah, which targets the civilian population of Israel - merely aiming rockets at Israeli cities - the Israeli Defense Forces try their very hardest to only target the Hezbollah and minimize civilian casualties. They have requested that the civilians of many towns leave and head for safer places. It is understood that this is hard to do, given the circumstances, but no armed conflict is ever easy.
I feel for the Lebanese civilians who are caught in the midst of this battle between Israel and the Hezbollah. It is quite unfortunate that they are suffering consequences of a group that they do not have control over.
While Israel regularly has minimal international support, I find it refreshing to hear that three Arab countries (Saudi Arabia, Egypt, and Jordan) have spoken out agaisnt the Hezbollah's actions.
I am aware that it is believed that Iran and Syria are playing somewhat of a role in this whole situation, but I am not sure how that affects the politics. Right now, this mostly seems to be a conflict between Israel and the Hezbollah, with many Lebanese civilians who aren't supporters of the Hezbollah, unfortunately being caught in the crossfire. I hope that this does not escalate into something any larger than it already is, and that Syria and Iran not get involved, as that could make things pretty darn complicated (as if they aren't complicated enough already).