The historian Timothy R. Furnish examines the history of Islamic thought concerning images of Muhammad and concludes that the current “iconophobia” is not representative of all Islamic traditions. He also argues that the best way to confront the current radical reaction to drawings of Muhammad “might be to eschew modern drawings of Muhammad (and certainly intentionally insulting ones) and, rather, stage exhibits with examples of ISLAMIC paintings of him. That would make the point more historically and legitimately, and less provocatively, in my opinion.” I agree!
Read his review of the history here: