The military appears to be betting that it can pull a Pakistan and essentially strip all meaningful power away from the presidency and the legislature.

In return, the Brotherhood has returned to Tahrir. One wonders if the people will be behind them, and for how long. But then again, who would have bet on the people getting this far?

The Obama Administration appears to be willing to let SCAF gut what remains of Egypt's revolution. I suppose the experience of Pakistan hasn't taught them much - or perhaps they simply want to avoid a major Middle East crisis ahead of elections? I don't think events are going to wait for them, though.