It does make sense, exploited, but as you noted, it would be really tough. You would really need a strong international presence, and even more difficult, you'd need this international presence to carry credibility with both sides.
One thing Israel demands of any two state solution is a demilitarized Palestine. I can understand why they feel that way, but quite honestly, if I'm Palestine I sure as shit am not ok with that unless there's someone with a lot of muscle and who I really trust playing referee. Of course, if America has a big hand in it, I don't think the Palestinians will feel very trusting.