The article analyzes the recent debate concerning the Bi-National state option as a future scenario of the settlement in Palestine/Israel. Supporters of the idea claim that the idea of separation between Israel and Palestine and the partition of the country into two independent states is impossible and unrealistic. Moreover—this solution is unlikely to lead toward a just and comprehensive end to the conflict. On the other hand, the opponents of the Bi-National solution claim that this option is not realistic and it contains an actual danger to the future of the stability and the existence of either the Palestinians or the Israelis. The main ideas behind this debate are presented and analyzed.