If Mubarak has any dignity left at all, he should resign now and give the power to the people of Egypt. But he is still listening too much to his Israeli and US masters who want an 'orderly transition'.
His speech today promising not to run for reelection in September is simply made to give the US and Israel more time to influence the process.
Dictators who spend their political life terrifying others are in fact very weak people and, from the beginning, Mubarak, USrael's 'strong' man, showed only his weak side. These people have no compass to guide them through moral dilemmas. After all, they are puppets...
The US is definitely cooking something. Israel is freaking out at the prospect of Egypt without Mubaraks. The interests of the small Israeli nation are at the heart of the US self-suicidal and murderous policy in the region, not the hundred millions of Arabs, not the hundred millions of US citizens.