Ya, and GW rejected that offer, probably with reasonable grounds. Who knows how long it would have taken them to turn over OBL, and in the meantime it would have bought them time or possibly allowed them to remain in power. Afghanistan could have continued on being a Taliban run and Al Qaeda foothold even after turning over OBL.
On the other hand we would have had him and who knows what kind of intel we would have gotten out of him, or how many other terrorists plots we would have stopped. He could have been sequestered away and slowly rotted to death in a dark cell, its possible now that him being dead(and one reason not to release the photos) that he becomes a matyr figure.
Course anything like that is such rampant speculation that its moot to try and discuss it really.