Kosher Hedgehog slams Prime Minister Olmert hard over at Hedgehog Central. This is being overly harsh, if you ask me.
Yes, there were shortcomings - Strategypage has discussed this a bit. Yes, the tactical results were closer to a draw than a smashing victory. But battles are far more than just the tactical level.
What did Hezbollah accomplish? Not too much. They fired a few thousand rockets - and managed to become much less popular than it was. The Israeli response, while it clearly pulled its punches (particularly after the staged photos from Qana), was still good enough to inflict some severe strategic blows to Hezbollah, Syria, and Iraq. Hezbollah's staging of photos is now wide open, thanks to a combintion of bloggers and YouTube. And Syria and Iran have been caught shipping stuff to Hezbollah - giving us harder evidence about their support of terrorists than we had against Saddam Hussein at the start of the liberation of Iraq.
(As an aside, the liberation of Iraq will go down as the US primarily looking for WMD - and we have found 500 shells full of chemical weapons - but discovering, via memos, that Saddam had a relationship with al-Qaeda).
Does the fact that America and Israel have hard evidence of Syrian and Iran support for terrorism help Bashir Assad and Mahmoud Ahmadinejad? I doubt it. What did Syria and Iran gain? The knowledge that even when Israel pulls it spunches, it can still badly hurt Hezbollah. Also, Hezbollah looks a bit like a loose cannon - and that sort of thing is also not good for them.
It doesn't look like they won anything to me.