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It would certainly take a lot more than Netanyahu saying the words "Palestinian state," which one Israeli writer said were "uttered like a rotten tooth pulled from its socket without anesthesia."
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From an article I read on the subject.
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"Netanyahu offered rotten merchandise. Nobody will buy it."
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"Netanyahu wants to put us in a situation where he looks like he offered something, and we said no," Erekat said. "Netanyahu's speech was very clear. He rejects the two-state solution."
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There are details that people have left out in this thread that make the deal the equivalent of a pile of shit. Not only does Israel become a fully Jewish state that has control of Palestinian air space. And not only does Palestine have to completely give up the right to defend their newly formed nation. Palestinian refugees whose homes were previously in Israeli land, most likely the homes of many previous generations of their families, must forfeit the right to ever return to their homes. Also, Netanyahu will not call for the end of Zionist colonization which would be able to expand in Palestine even though Palestinians would not be allowed to reside in Israel.
This comes down to a state of homeless people that have no right to defend themselves against an aggressive neighbor who has control of their airspace and constantly edges further into their territory.
That is no country.