The leaked cables prove that Europe - never impervious to self-ridicule - was already being marginalized during the Bush era, and more so now with Obama concentrating on Asia-Pacific. As for the bulk of what has been leaked so far, especially on Iran and the movers and shakers in the Persian Gulf, it is barely disguised US/Israeli propaganda.
Not accidentally, many a global headline is beating the same drum along the lines of "Israel greets WikiLeaks cables as vindication of its Iran policy". An overall assessment of the leaked cables reveals that as much as Israel and the powerful US Israel lobby worked overtime to bring about the invasion and destruction of Iraq, it is doubling the bet to do exactly the same regarding Iran. Attention should be paid to a cable warning that "elegant and seductive" Israeli Prime Minister Benjamin Netanyahu "never keeps his promises". As in: no halt to settlements in the West Bank, and let's bomb, bomb Iran.