New Hareidi party in Israel?

According to Arutz Sheva, there will be attempt to start a new Hareidi party in Israel.

Eichler Aims For Ashkenazi-Sephardi Party
15:41 Feb 21, '05 / 12 Adar 5765


(IsraelNN.com) Israel Eichler resigned from the Knesset today and announced he will try to start a joint Ashkenazi-Sephardic Haredi party. Eichler left his United Torah Judaism seat in the Knesset as part of a rotational agreement. Rabbi Shmuel Halpert replaced him as of 2 p.m. today.

He said he thought about a new political party following a phone call from Rabbi Ovadia Yosef in which the Shas Sephardi leader praised Eichler for his political efforts. Eichler also said he will work to try to fight against the negative image of the Haredi community.

If this is in the name of Ahdut, then it sounds good on paper. But, will this solve the problems that caused the Shas party to be created in the first place?