Two years after Pyongyang admitted to having a covert highly enriched uranium program, the North Korean nuclear crisis continues on, unresolved—with the United States and neighboring countries calling for further rounds of "Six Party" denuclearization talks and a North Korean official declaring at the United Nations last month that his government has "weaponized" its nuclear materials.

Should America use diplomacy to negotiate an end to proliferation, or is regime change our best hope for long-term success? Would compensating North Korea for compliance with the nonproliferation treaty convince Kim Jong Il to change his ways, or would it send a message to other rogue states that nuclear proliferation could carry a large payoff in the end? Are the six party talks working, or would bilateral negotiations prove more effective?

Nicholas Eberstadt and Michael O'Hanlon will discuss these and other issues facing the Korean peninsula.