The West may well be looking away, but I'm not convinced that's a bad thing. Not much the West can or should do to influence the events playing out; it's something Egyptians need to work out for themselves.
The West (well, the US) is not going to be able to avert its eyes and be seen as neutral - not when we subsidize the Egyptian military to the tune of $2 billion per year.

The fate of that $2 billion should be in question now, IMO.