Three soldiers were killed, two kidnapped and several injured along the Lebanese border in a multi-pronged attack by Hizbullah terrorists on IDF positions Wednesday morning.
Winds of Change has some comments from Israeli military:
In response, Israel has mounted a major incursion into Lebanon, promising severe measures to recover the two soldiers.
Lieutenant-General Dan Halutz, the Israeli Army Chief of Staff, warned the Lebanese government that Israel would attack its infrastructure and "turn back the clock in Lebanon by 20 years" if the soldiers were not returned, Israeli TV reported. Ehud Olmert, the Israeli prime minister, described the Hezbollah raid as an "act of war" by Lebanon and promised a "very painful and far-reaching response".
as well as some further links and analysis worth reading.