Upon Benazir Bhutto's return to Pakistan last October, there was a [very] brief moment when i thought Pervez Musharraf, learning from Marcos' own failure to reconcile with Ninoy or conversely, F.W. de Klerk's success in reconciling with Nelson Mandela, would actually engineer a political reconciliation either as a way of co-opting and neutralizing her, or as a genuine act of statemanship. The sad reality is that dictators are seldom able to deny their nature.
Here's Bhutto's NY Times Op-Ed from last month where she writes about Musharraf's Martial Plan (via Firedoglake). I can only hope that her half-expected, but nevertheless still shocking murder does not set-off an even more fateful chain of events reminiscent of a previous assasination that took place in Europe almost a hundred years ago.
You can also read Rom's analysis as well as that of John Marzan.
Update 01-01-2008: Via Crookedtimber, an assessment by Jemima Khan, concluding that As Prime Minister, Benazir Bhutto Did Little.