The short answer is yes. Apparently, Cheney is warming to the idea of siding with the Shia and "crushing the Sunnis". When the New Republic hosted a recent debate on solutions to the Iraq debacle, I pointed to Kurth's idea as the most idiotic, the most short-sighted, and the most amoral of the lot. Why is it no surprise that this would tempt Dick Cheney?
Remember, Kurth is proposing foreign policy based on vengeance. And think of the practical implications. Yet again, the United States would bolster the position of Iran, the most dangerous country in the region, after allowing it attain nuclear weapons unopposed. This would also boost the Iran-Syria-Hezbollah alliance that could easily destroy the nascent Lebanese democracy. And let's not even get into the Christmas present of a lifetime that this would present to Al Qaeda, who would once more be seen as a defender of the Sunnis everywhere.
Update: Andrew Sullivan wonders if this is connected to the sudden resignation of Saudi ambassador Turki al-Faisal. It may be.