Abbas was still predicting a 2008 peace deal as of last month and apparently it's Egypt's sounded like a fun place to vacation in November:

An international summit is to be held in Egypt in November, with representatives from Israel, the Palestinian Authority and the members of the Quartet - the United States, Russia, the European Union and the United Nations. According to a senior official in Jerusalem, the Israeli and PA participants will brief the Quartet over progress made in the ongoing peace talks. The gathering is said to be the result of a compromise between the U.S., Israel and the Palestinians. In recent months U.S. Secretary of State Condoleezza Rice has been urging both sides to draft a document detailing the points of agreement in the Israeli-Palestinian negotiations. She suggested they compile an "inventory" detailing progress on each of the core issues, such as Jerusalem, borders, refugees' right of return, security, settlements and water rights.

Yeah whatever. Palestinian PM Fayyad says it's not going to happen this year. Israeli President and eternal optimist Shimon Peres says it's not going to happen at all as long as Abbas is in charge. If only all this had been predictable back in January when Bush promised a peace deal by year's end.

References:
* Egypt to host 'Annapolis 2' peace summit in November [Ha'aretz]
* Abbas pledges to reach peace by end '08 [JPost]
* Fayad: No peace agreement by end of '08 [JPost]
* Peres: No chance of peace with Palestinians [Ha'aretz]
* Bush: Oh Hell Yes It's Peace Yet! [MR]

Previously:
* State Department Gets Bright Idea: Let's Screw Israel Even More By Bundling Syria Into The Israeli-Palestinian Peace Process
* Holocaust Denier Complains to Israeli Traitors about Israelis
* Peace Process Talks Stalling Today Because Of Something. Or Because Of Something Else. Etc.