the most plausible theory with the pagers is as following: they set up a fake company in Hungary, they buy pagers and such from Gold Apollo, they stick explosives in them, do some advertising in Lebanon as being the cheapest bestest around, then presumably just guess which shipment is going mostly to Hezbollah and send the bombs over. couple mohammedans blow up, couple little girls blow up, couple doctors blow up, all the same to them.

Partly, but I think you're missing some key parts. i think it's more likely that they used human intelligence and agents within Hezbollah to set up the purchase and it was done in such a way that it was certain the booby trapped pagers were going to Hezbollah. That explains the seemingly very low civilian casualty rate (maybe 4,000+ explosions, and a handful of civilians, including two children from what I am reading).

Additionally, for the pagers and walkies to have been modified this way, you should also immediately suspect that this means similar attacks have bugged or other compromised the communications themselves.

The attack maimed many Hezbollah members, but I think the bigger issue is the communications disruption. Hezbollah can't trust any of its technology and any of its network. They have to assume they have been totally compromised.

THe end result will make things harder for Israel, so my guess is Israel will something large soon.