LMAO again!
I'm actually pretty much where Wolf is. Completely seal off the border. Then provide a registration process over maybe 12 - 18 months. After that we check the status of each and every one. Anyone with gang tats, gang or other criminal activity, illegal use of ID, and any other felony or indication that aren't good citizen material gets detained for thirty days, then deported. Any non-registered illegal found gets detained for thirty days while we investigate his or her status, then either deported or sent to prison. Make returning after deportation a felony with a mandatory five year prison sentence. Those illegals getting clean reports get green cards plus five years to pay up their back taxes (with the same penalties for non-payment that citizens would face) and a ten-year path to citizenship with verifiable milestones such as demonstrating proficiency speaking, reading and writing English, gainful employment, and lawful behavior. After ten years they can pay a fine for jumping line and take standard citizenship tests (in English) to become citizens, or they can be detained for thirty days, then deported.
Unfortunately Obama is going to need those illegal votes for 2012, as the voters he inherited from Bush aren't working out too well. So I expect it'll be pretty much the Bush proposal - pay your back taxes for any two of the last five years (if that) and here's your check, green card, and citizenship test in Spanish. (This time the citizenship test will come pre-filled out, but it will be in Spanish so they know where to sign.)