With the UN Security Council approving the Iraq disarmament ultimatum, it would help to understand that the upcoming precision warfare has taken a major step forward from the 1991 Gulf War and the 1999 Kosovo strikes.
One of the major tenets of Air Force and Naval aviation transformation strategies has been to have less aircraft be able to attack more targets. The existing maturations of legacy programs -- the F/A-18E/F Super Hornet, the F-15EStrike Eagle, and the manned strategic bomber platforms like the B-1B, B-52, and B-2 Stealth, have a better selection of armaments of which to strike Iraqi targets.
One of the lynchpin weapons will be Boeing's Joint Direct Attack Munition (JDAM). JDAM is a relatively simple concept -- attach satellite guidance kits onboard erstwhile "dumb bombs." The Air Force recently wrapped up testing of the 500-pound "lightweight" JDAM, but both naval and Air Force aviation assets have already made use of the 1,000- and 2,000-pound JDAM munitions.
Additionally, older aircraft that were not built with an organic precision-delivery capability can gain it with the use of special guidance pods. For example, Marine Corps Harrier jump-jets and Air National Guard F-16s can mount a Northrop Grumman-designed LITENING navigation and targeting pod, allowing these platforms to gain access to a variety of smart munitions.
The other side (note, the other side could be alot of potential opponents) cannot defeat Amercian/Coalition airpower using manned aircraft. Consequently, states like Iraq invested in a groundbased integrated air defense network, with their lynchpin weapons being Russian-designed surface to air missiles and low-altitude antiaircraft artillery.
The only "adversary" aircraft that could dare occupy the same airspace with American/Coalition aircraft are the Russian-designed MiG-29 and the previously discussed Flanker family of fighters produced by Russia's Sukhoi design bureau. However, the Flanker weapons/sensor/platform package is both expensive and fruitless.
So, it's no secret that American airpower is essentially unbeatable. However, the level of advances we are making couple both precision strike with survivability. This quotient will tilt in our direction even farther when the F/A-22 and Joint Strike Fighter become operational and replace older-model F-15s, and -16s.
"War is a series of catastrophes that results in a victory."
Georges Clemenceau (1841 - 1929) ---
(Note, Clemenceau is French, and we all know about the French, so this quote ain't necessarily surprising...)