Marc Lynch keeps it alive:
I remain broadly optimistic that Egypt, like Tunisia, will make its democratic transition despite all the turbulence. This is not because the SCAF has demonstrated any real commitment to democracy or the rule of law. It is because there is a broad and deep public consensus in support of democracy, and enough powerful competing forces to prevent any easy return to Mubarak-style authoritarian rule. It is also because the Obama administration at the highest levels is determined to help get Egypt right, and has been working hard — often behind the scenes — to push the SCAF in the correct direction.