The surprise announcement of a second South-North Summit, to be held in Pyongyang, has revived speculation over the prospects for a historic peace declaration that could open the door to a new structure of peace on the Korean Peninsula. Meanwhile, as the Six-Party Talks move toward Phase II in the denuclearization of North Korea, policy wonks in Washington, Seoul, Tokyo, Beijing, Moscow, even Pyongyang, are sketching out frameworks for a Peace Regime on the Peninsula and a Peace Mechanism for Northeast Asia.