Lior: Raising the threshold is not really a bad thing. Even with doing so, Israeli politics is still a three ring circus.
We live in a dangerous neighborhood and need a cohesive government to function. Whether that happens is still a big question mark.
If a party can’t get a minimum amount of support and the threshold isn’t that much, of what value are they? Also, there is musical chairs between parties and the people in them, so the level of disenfranchisement, if any, is miniscule.