According to the briefing by State in Israel, the answer to that question was "off means off". Powell has said he will meet with some other folks from U.N and other organizations. Boucher at State in Washinton said that "Arafat's condemming terrorism would not be a pre-condition to re-scheduling the meeting. I think that is pretty clear. They are leaving the door open, but only a crack.
BTW, will y'all be at the meeting tomorrow?