What the Bin Laden Really Means

Wretchard's analysis once again strikes me as the most spot on:

It is important to notice what he has stopped saying in this speech. He has stopped talking about the restoration of the Global Caliphate. There is no more mention of the return of Andalusia. There is no more anticipation that Islam will sweep the world. He is no longer boasting that Americans run at the slightest wounds; that they are more cowardly than the Russians. He is not talking about future operations to swathe the world in fire but dwelling on past glories. He is basically saying if you leave us alone we will leave you alone. Though it is couched in his customary orbicular phraseology he is basically asking for time out.
The American answer to Osama's proposal will be given on Election Day. One response is to agree that the United States of America will henceforth act like Sweden, which is on track to become majority Islamic sometime after the middle of this century. The electorate best knows which candidate will serve this end; which candidate most promises to be European-like in attitude and they can choose that path with both eyes open. The electorate can strike that bargain and Osama may keep his word. The other course is to reject Osama's terms utterly; to recognize the pleading in his outwardly belligerent manner and reply that his fugitive existence; the loss of his sanctuaries; the annihilation of his men are but the merest foretaste of what is yet to come: to say that to enemies such as he, the initials 'US' will always mean Unconditional Surrender.

Osama has stated his terms. He awaits America's answer.