We haven't seen much coverage of this story, which has Libya essentially severing diplomatic common cause with the Arab world. The FP blog had a somewhat sarcastic take on Qadhafi's boycott of the recent summit to reinvigorate the Saudi Initiative. MEMRI's own blog has had the video up for two weeks. An extended and brutal diatribe against the Arab world:

This just in: the man is a megalomaniacal lunatic. Also, he has kind of a crush on Condi, which is cute. Totally creepy, but cute.

References:
* Qaddafi's got the right idea [FP Blog]
* Libyan Leader Qadhafi: Arabs’ Time is Up; I Love (Condo)Leezza [MEMRI]
* Libyan Leader Mu'ammar Al-Qadhafi: Arab Nation's Time Is Up

Previously:
* Spirit of Peace and Brotherhood
* Bush Encourages Another Rogue To See the Error of His Ways
* We Can Be Friends... Just Don't Tell Anyone