It's been announced on CNN and other media outlets that Hosni Sayyid Mubarak will be addressing the nation this evening in Egypt, and that he will be likely announcing he is stepping down from the Presidency, turning over control of the government to a military council who would hold power for a transition period until elections can be held.
If this story is true, the protesters have won a major victory. They then will have a major challenge negotiating with the military and other parties to ensure that fair elections do take place in a timely fashion. But the protesters deserve to savour and celebrate their moment of victory, and I'm sure they will.