There's bitter irony in the UN's recognition of a much-diminished Palestinian state on the anniversary of its 1947 partition plan
[excellent synopsis of relevant history summarized in the intro]
Yesterday, the general assembly voted to admit Palestine as a state with observer status. Despite assurances to the contrary, the new state is likely to undermine the status of the PLO at the UN. Whereas the PLO represented all Palestinians, the PA only represents West Bankers. This recognition has diminished the Palestinian state geographically from 43% of historic Palestine granted by the partition plan to less than 18% of it (possibly 10%, if we factor annexations, settlements, military areas, etc), and has reduced Palestinians from 12 million people to 2.4 million West Bankers, 40% of whom are refugees.
The vote is essentially an update of the partition plan of 1947, whereby the UN now grants Jewish colonists and their descendants 80-90% of Palestine, leaving the rest to the native inhabitants, and it risks abrogating the refugees' right of return.
A small minority native to the West Bank (about 1.3 million people), for whom the PA claims to speak, will gain UN status as a state under occupation, while the Palestinian refugees in the West Bank (1 million people), along with six million other refugees, risk losing their right of return.