MUBARAK RESIGNS, MILITARY TAKES OVER

Al Jazeera reports that Hosni Mubarak has resigned.   Power is said to have been transferred to the Supreme Council for the Armed Forces.

Mubarak and family are said to have left Cairo.  His son and would-be successor is said to be in London.

With the army in power it would appear that the NDP government is at an end without having to be toppled in a coup.

Now we just get to sit back and watch how Mubarak extricates himself and his assets in the coming weeks.   I could be wrong but I'd be very surprised if Mubarak didn't secure some helpful terms before handing the government over to the military.

Update:

The Jerusalem Post reports that the Egyptian military is dismissing the entire Mubarak cabinet and dissolving parliament.  Al Jazeera quotes el Beradai as saying it could take a year to form political parties and organize a proper election.