NOTE** I have edited the original post to reflect the new information found here in this post. I finally found an unedited version of the full text at : http://news.bbc.co.uk/2/hi/middle_east/4628932.stm

And may I say there is a lot more to this than was reported in most of the press. Here is the full transcript, very interesting:

My message to you is about the war in Iraq and Afghanistan and the way to end it.

I had not intended to speak to you about this issue, because, for us, this issue is already decided on: diamonds cut diamonds.

Praise be to God, our conditions are always improving and becoming better, while your conditions are to the contrary of this.

However, what prompted me to speak are the repeated fallacies of your President Bush in his comment on the outcome of the US opinion polls, which indicated that the overwhelming majority of you want the withdrawal of the forces from Iraq, but he objected to this desire and said that the withdrawal of troops would send a wrong message to the enemy.

Bush said: It is better to fight them on their ground than they fighting us on our ground.

In my response to these fallacies, I say: The war in Iraq is raging, and the operations in Afghanistan are on the rise in our favour, praise be to God.

The Pentagon figures indicate the rise in the number of your dead and wounded, let alone the huge material losses, and let alone the collapse of the morale of the soldiers there and the increase in the suicide cases among them.

So, just imagine the state of psychological breakdown that afflicts the soldier while collecting the remnants of his comrades' dead bodies after they hit mines, which torn them. Following such situation, the soldier becomes between two fires. If he refuses to go out of his military barracks for patrols, he will face the penalties of the Vietnam butcher, and if he goes out, he will face the danger of mines.

So, he is between two bitter situations, something which puts him under psychological pressure - fear, humiliation, and coercion. Moreover, his people are careless about him. So, he has no choice but to commit suicide.

What you hear about him and his suicide is a strong message to you, which he wrote with his blood and soul while pain and bitterness eat him up so that you would save what you can save from this hell. However, the solution is in your hand if you care about them. (See comment below Point #1)

The news of our brother mujahideen, however, is different from what is published by the Pentagon.

This news indicates that what is carried by the news media does not exceed what is actually taking place on the ground. What increases doubts on the information of the White House's administration is its targeting of the news media, which carry some facts about the real situation.

Documents have recently showed that the butcher of freedom in the world [US President Bush] had planned to bomb the head office of al-Jazeera Space Channel in the state of Qatar after he bombed its offices in Kabul and Baghdad, although despite its defects, it is [Al-Jazeera] one of your creations.

Jihad is continuing, praise be to God, despite all the repressive measures the US army and its agents take to the point where there is no significant difference between these crimes and those of Saddam.

These crimes include the raping of women and taking them hostage instead of their husbands. There is no power but in God.

The torturing of men has reached the point of using chemical acids and electric drills in their joints. If they become desperate with them, they put the drill on their heads until death. (See comment below point #2)

If you like, read the humanitarian reports on the atrocities and crimes in the prisons of Abu Ghraib and Guantanamo.

I say that despite all the barbaric methods, they have failed to ease resistance, and the number of mujahideen, praise be to God, is increasing.

In fact, reports indicate that the defeat and devastating failure of the ill-omened plan of the four - Bush, Cheney, Rumsfeld, and Wolfowitz - and the announcement of this defeat and working it out, is only a matter of time, which is to some extent linked to the awareness of the American people of the magnitude of this tragedy.

The wise ones know that Bush has no plan to achieve his alleged victory in Iraq.

If you compare the small number of the dead when Bush made that false and stupid show-like announcement from an aircraft carrier on the end of the major operations, to many times as much as this number of the killed and injured, who fell in the minor operations, you will know the truth in what I am saying, and that Bush and his administration do not have neither the desire nor the will to withdraw from Iraq for their own dubious reasons.

To go back to where I started, I say that the results of the poll satisfy sane people and that Bush's objection to them is false.

Reality testifies that the war against America and its allies has not remained confined to Iraq, as he claims.

In fact, Iraq has become a point of attraction and recruitment of qualified resources. (See comment below #3)

On the other hand, the mujahideen, praise be to God, have managed to breach all the security measures adopted by the unjust nations of the coalition time and again.

The evidence of this is the bombings you have seen in the capitals of the most important European countries of this aggressive coalition.

As for the delay in carrying out similar operations in America, this was not due to failure to breach your security measures.

Operations are under preparation, and you will see them on your own ground once they are finished, God willing.

Based on the above, we see that Bush's argument is false. However, the argument that he avoided, which is the substance of the results of opinion polls on withdrawing the troops, is that it is better not to fight the Muslims on their land and for them not to fight us on our land.

We do not object to a long-term truce with you on the basis of fair conditions that we respect.

We are a nation, for which God has disallowed treachery and lying.

In this truce, both parties will enjoy security and stability and we will build Iraq and Afghanistan, which were destroyed by the war. (See Comment below #4)

There is no defect in this solution other than preventing the flow of hundreds of billions to the influential people and war merchants in America, who supported Bush's election campaign with billions of dollars.

Hence, we can understand the insistence of Bush and his gang to continue the war.

If you have a genuine will to achieve security and peace, we have already answered you.

If Bush declines but to continue lying and practicing injustice [against us], it is useful for you to read the book of "The Rogue State", the introduction of which reads: If I were a president, I would halt the operations against the United States.

First, I will extend my apologies to the widows, orphans, and the persons who were tortured. Afterwards, I will announce that the US interference in the world's countries has ended for ever.

Finally, I would like to tell you that the war is for you or for us to win. If we win it, it means your defeat and disgrace forever as the wind blows in this direction with God's help.

If you win it, you should read the history. We are a nation that does not tolerate injustice and seek revenge forever.

Days and nights will not go by until we take revenge as we did on 11 September, God willing, and until your minds are exhausted and your lives become miserable and things turn [for the worse], which you detest. (See Comment below #5)

As for us, we do not have anything to lose. The swimmer in the sea does not fear rain. You have occupied our land, defiled our honour, violated our dignity, shed our blood, ransacked our money, demolished our houses, rendered us homeless, and tampered with our security. We will treat you in the same way.

You tried to deny us the decent life, but you cannot deny us a decent death. Refraining from performing jihad, which is sanctioned by our religion, is an appalling sin. The best way of death for us is under the shadows of swords.

Do not be deluded by your power and modern weapons. Although they win some battles, they lose the war. Patience and steadfastness are better than them. What is important is the outcome.

We have been tolerant for 10 years in fighting the Soviet Union with our few weapons and we managed to drain their economy.

They became history, with God's help.

You should learn lessons from that. We will remain patient in fighting you, God willing, until the one whose time has come dies first. We will not escape the fight as long as we hold our weapons in our hands.

I swear not to die but a free man even if I taste the bitterness of death. I fear to be humiliated or betrayed.

Peace be upon those who follow guidance.

OK now that I have seen the whole thing finally I can say to answer him "Not no, but HELL no." (my quote)

Comment#1 - He talks about our soldiers? As if he knows the quality and fortitude of our soldiers? He knows NOTHING about our men and women in uniform. They are and will continue to be the finest fighting force in the world. They volunteer for the job and go forth and carry out the mission asigned to them with the best effort they can. As the Warrior Ethos states and we follow in the military: "I will always place the mission first, I will never accept defeat, I will never quit, I will never leave a falen comrade." He attempts to belittle the soldiers and that alone galls the hell out of me.

Comment #2 - Here he accuses the "the US army and its agents" of "These crimes include the raping of women and taking them hostage instead of their husbands. ... The torturing of men has reached the point of using chemical acids and electric drills in their joints. If they become desperate with them, they put the drill on their heads until death." What? Again he talks of our men and women in uniform doing these things? I say to him, we do not stoop to your level. Your "agents" have cut the heads off of helpless men, while they were still alive and then proudly showed it to the whole world! And you accuse us of torture? His "agents" kidnapped and killed women, dragged bodies through the streets and did other acts or barbarians and he talks of our military in such a fashion? I say in answer to this - KISS MY A**!!! Show your head out of your hole if your still alive and fight us like a man, not a rat in a hole afraid of a great eagle that would swoop down and snatch your butt for lunch.

Comment #3 - This statement CONFIRMS the point that Iraq is drawing the terrorist there and away from other points. That has been stated over and over again and only confirms this point the Generals on the ground have been saying.

Comment #4 - The offer of a truce is a farce, as he says that he also says operations are underway to attack America again. And he has no power to enforce this so called truce. If he wanted us to leave Iraq all he had to do was tell the terrorist to stop the attacks, things would quiet down and we would leave. What is so hard to understand about that? Truce< an enemy only offers a truce when they are on the ropes and can not win.

Commnet #5 - Again he threatens us. He ask for a truce in one breath and then tells us he is going to attack us in the other. Well got an answer for you Osama, NO!

After now being able to read the whole thing unedited and in its full length, I say he is weakened, his ability to do the things he says is not there. He has no power to cause or offer a truce. He does confirm that a few things we are doing is working, such as the drawing of the terrorist to Iraq. I think after reading it I have decided to tell Osama to go screw himself. We ARE winning, You are still in a cave hiding, and you will eventually be captured or killed and all the world will see just how powerless you really are becoming. You threaten to attack us here on American soil again, OK, bring it on, and see what happens when you really piss us off.