Hmm...

I see only three broad possibilities here:

1. The whole thing is bullshit and there is no deal. That wouldn't be the first time that happened - it'd just mean that the torch has been passed so that it's the Trump administration bullshitting instead of the Biden administration.

2. There is a deal and it's relatively fair, and recognizes Palestinian sovereignty, in which case Netanyahu will, as he's already done in the past, sabotage it.

3. The deal is a long-term con job by which Israel will retain enough control over Gazan territory to continue to oppress the people, and to support a West Bank style piecemeal conquest, which will generate enough opposition to not only colorably justify IDF depradations, but will provide enough support for Hamas to keep its not-coincidentally ex-pat leaders living in wealth and comfort.