Zvi Bar'el in Haaretz, here
"....But the Saudi-Egyptian penalty could become an own goal. It does not promote a resolution to the crisis in Lebanon and it highlights the chasm between the camps. This is no longer the well-known split between "moderates" and "extremists," but between the "Arab circle" and the "Iranian circle" and has emphasized the power of organizations like Hezbollah, and to some extent Hamas, to set the Arab agenda.
This summit will be considered the Arab League's largest failure, but could clarify how Syria, in spite of its isolation, is becoming the most significant state in the region's diplomatic processes. The question now will be what option Egypt and Saudi Arabia will have to resolve the Lebanon crisis and how they can extract Hamas from the Iranian-Syrian circle to resolve the Palestinian crisis ..."