WI: Palestine gets statehood before Israel in 1948

After Israeli statehood, the Arab countries around it attacked it and were forced back, starting the tensions in the region that continue today. What would be different if Palestine gets statehood before Israel does.
 
What kind of Palestine?
A Hashemite kingdom, a republic, a near-theocracy dictated by the Grand Mufti of Jerusalem, or a balkanized mess a la Lebanon?
 
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