Lien Chan, honorary chairman of the KMT, says that now is the time for Taiwan and China to begin considering political negotiations. While it's too early on the Taiwan side to sign a treaty due to domestic politics, both sides should begin considering the political talks, which "must be faced sooner or later."
Video of Lien's speech (in English) here.
He calls specifically for confidence building measures and a peace treaty. One goal was particularly striking to me:
...首先，和平協議的基礎是九二共識，或中華民國憲法下的「一中」原則，簽署一個能夠維持現狀的臨時協議；其次，和平協定應該清楚表明，兩岸終止敵對狀態。I'm pulled in by the words interim agreement that "preserves the status quo," especially if that somehow involves an indirect admission that the ROC exists. I will withhold my judgment on the details until we see a document emerge. Most important of all is that any such agreement needs to go in front of people by referendum.
...first, the foundation of a peace agreement is the 92 consensus, or the "one China" principle as outlined in the ROC constitution. The two sides should sign a interim agreement. And second, the peace agreement should clearly state that the state of hostility between the two sides of the strait is over.
To be perfectly honest, there are scenarios I can foresee where such an agreement may be the best bet for Taiwan and most effective way to forestall any more moves toward political unification, even given the CCP and KMT understanding of the agreement as being a stepping stone to unification.