I don't think punishing the Palestinians for seeking UN recognition of statehood is the answer; I also don't think that it's a very helpful move. There should be no recognition of Palestine unless and until Fatah and Hamas jointly (as the responsible parties of Palestinian government) formally recognise the state of Israel (even if that recognition is limited to "within the borders mandated in the 1948 partition"). There are obvious concessions and compromises to be made on both sides regarding issues of borders, land swaps, compensation for seizure of Palestinian lands, and so on, but it's frankly absurd for the Palestinans to expect that recognition of a Palestinian state should happen while they don't recognise Israel. Granted, recognition of a Palestinian state within pre-1967 borders is tantamount to recognising the sovereignty of Israel in former Mandatory Palestine outside those borders, but they should still make it explicit. Israeli opposition to any UN vote on this is perfectly understandable.