While the WikiLeaks controversy has generated plenty of heat, Fareed Zakaria?s latest TIME column declares ?it?s not so bad.?

As an example, Zakaria cites the information leaked about Iran:

We now have official confirmation of something many of us have been saying for years: Arab regimes share Israel’s concerns about a nuclear-armed Iran. In fact, since they do not have the massive nuclear deterrent that Israel possesses, Saudi Arabia and Egypt are probably even more nervous about an Iranian bomb. It’s one thing to have diplomats expressing these sentiments in private, quite another to have the direct and explicit words of the King of Saudi Arabia.

I understand that these revelations embarrass the Arab regimes, which publicly speak only of the Palestinian cause but privately plot against Iran. But why is that bad for the U.S.? The WikiLeaks data powerfully confirms the central American argument against Iran’s programs: that they are a threat to regional stability and order, not merely to Washington’s narrow interests. (Israel’s Prime Minister Bibi Netanyahu quickly pointed this out.) In fact, the simplest confirmation of the fallout can be found in Tehran’s reaction to WikiLeaks. Alone among world leaders, Iran’s President Mahmoud Ahmadinejad claims that the documents were actually leaked by Washington. After all, they expose as an utter lie Ahmadinejad’s constant claim that he has befriended all Arab states and that, if not for Washington, Iran would be beloved by all in the region.