Too soon to say on the details, but it does sound as if this would still be a transition within the ruling party. Vice President Omar "Egypt is not ready for Democracy" Suleiman is a likely successor. Whoever comes next, there will definitely be some policy shifts and concessions. Whether there's genuine reform will be trickier to guess but the sustained commitment shown by protestors does make me think that there's now an activist core that can be a source of continuing pressure.
If you want to watch what comes next live, Al Jazeera English is probably a good choice.
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