Maybe I'm too much of an idealist, but I think there can be. Folk said the same about N. Ireland, which looked like a totally intractable situation, but a lasting peace was found. I know it's a different situation, but I believe that 99% of people just want to live in peace, raise their kids and get on with their neighbours.
I know it's a complex situation, and people on all sides would have to make big compromises for any sort of peace to work. And that's the problem, nobody wants to be seen to be conceding, so instead the idea that if one side can wipe the other out, we'll have some sort of security and peace, which is just a ludicrous idea, because you cannot destroy an ideology, you have to work with each other to find the common ground, as impossible as that looks right now.