"So much for all the heated commentary about a new war."
A no-fly zone and aerial bombardment usually signifies warlike tendencies. I doubt that the US is done with Libya. If we are, then your question:
"But do they have any idea what they're doing?"
Is apt. Anyway, the Terror Wars, of which the Libyan action is decidedly a part, is all one regional war. Just because Obama called off US strikes doesn't diminish this in the least. Tactics, man, tactics.