The allegedly sovereign Iraq Government tells Newsweek what they want:
A timetable for withdrawal of occupation troops from Iraq. Amnesty for all insurgents who attacked U.S. and Iraqi military targets. Release of all security detainees from U.S. and Iraqi prisons. Compensation for victims of coalition military operations.As the Guardian reports, the details are vague and there is lots of opposition from all sides.
The BBC puts it very nicely indeed, saying Maliki's plan is "part of a grand strategy by the Bush administration to stabilise Iraq - or to stabilise the perception of Iraq - in advance of the mid-term elections for Congress in November."