From the Zelaya camp's point of view, it is worse that the Seven Points proposed last Sunday that were accepted by Zelaya but rejected by the golpistas.
The reason is that the new proposal announced today by Arias eliminates the "unconditional" return of Zelaya, and instead proposes a government of "national unity and conciliation," which would allow golpista ministers and others to participate.
Other points:
A general amnesty for all political crimes before and after June 28.
No cuarta urna poll to propose changing the constitution.
The armed forces would be under the control of the Electoral Commission one month before general elections.
General elections would be advanced one month, to October.
Zelaya would return to Honduras on Friday and serve out his term that expires in January.
Formation of a Truth Commission with OAS and Human Rights Institute participation.
Lifting of international economic and other sanctions.
No outside interference in Honduran affairs.
(Spanish)
http://www.laprensa.hn/var/laprensa_site/storage/original/application/042568592ffa1e5bdb2f93d77a375a1a.pdf