GAW:
End result is Mashiach. If your question is what interim solution would be preferable to the State of Israel then I would say a non-Jewish government that respects our religion and keeps our brethren there safe.
Of course, as PBA wrote, I would certainly hope that all the Jews there (including the many Jews and their children who were and are shmaded by Zionism and the State of Israel) return to Hashem and His Torah(without grafting it to Zionism of course).