I guess that depends on one's point of view. Rabbi Yaacov Perrin, who said that "One million Arabs are not worth a Jewish fingernail" would definitely not settle for 40. The Prime Minister of Israel, the Prime Minister of Israel, is a far more moderate man and offered ~1200 dead, 3600 wounded, and a destroyed nation. It was a gracious offer, by any Israeli standard, but the Arabs, ever hard to please, still didn't give his men back. Stay tuned for round 2, tentatively dubbed "Reestablishing deterrence".
Aside from that minor detail that Southern Lebanon has been on Israel's wish-list since Ben Gurion described his vision for the borders a "greater Israel" in 1918: "...to the north, the Litani river, to the northeast, the Wadi 'Owja, twenty miles south of Damascus; the southern border will be mobile and pushed into Sinai at least up to Wadi al-'Arish; and to the east, the Syrian Desert, including the furthest edge of Transjordan"