Looking for the catch...

YOU ARE VISITING THE OLD MALKIN(S)WATCH. THAT'S FANTASTIC. PLEASE VISIT THE NEW MALKIN(S)WATCH WHEN YOU GET A CHANCE.

...but wow.

North Korea has agreed to give up all nuclear arms and activities and rejoin the nuclear Non-Proliferation Treaty, according to negotiators in Beijing.

Pyongyang has also agreed to accept inspections by the UN nuclear watchdog.

In return, the US has declared that it has no intention of attacking North Korea and will respect its sovereignty.

Update: As Eric says, here's the catch.

North Korea said Tuesday it would begin dismantling its nuclear program only if the United States provides a light-water reactor for civilian power.

The demand could threaten a day-old agreement between North Korea and the five nations involved in nuclear disarmament talks.

That was fun while it lasted, like the time between buying a lottery ticket and the end of the evening news.