It never actually had meaning as Israel refused to do any changes. They spend more than a decade after the Oslo agreements just maintaining the occupation and the status quo, happy that they can have the cake and eat it, too, as they de facto occupied the area but didn't have to pay for it anymore (the international community actually interested in peace did). And so Hamas got a majority in 2006.

After that Israel had again the chance to support the side willing to peacefully exist against Hamas in a civil war like condition, but again deceded against it and instead sat their gloating and watching Palestinians kill Palestinians... until Hamas got control of Gaza.