Issandr El Amrani is pessimistic:

[T]he [Supreme Council of the Armed Forces (SCAF) ] has continued the Mubarak-era policy of opposing foreign monitoring missions, despite this being a widespread practice around the world. In Tunisia, thousands of international monitors did not undermine national sovereignty; they added to the credibility of a well-run process.

At his blog, he adds:

[T]he best scenario forward is for these elections — despite them being already flawed — go forward and the new parliament unite around a platform of greater civilian oversight of the transition and to get SCAF out of power as soon as possible, most probably through the election of a president.