Iran Rejects European Nuke Plan

Iranian officials strongly criticized a European proposal they received yesterday that calls for ceasing and then dismantling much of the country's nuclear infrastructure in exchange for the prospect of improved economic and political ties with the West. The offer, which was presented as a framework for further negotiations, won quick U.S. support by including many proposals the Bush administration has advocated on its own, such as requiring Iran to accept U.N. inspections anywhere and at any time. The European proposal is aimed at preventing Iran from being able to divert any aspect of its civilian nuclear program to a military one.
Source Article: Seattle Times
 
So, now what?  We know the UN won't do a thing.