It will be a sad day indeed if Egypt, or any country for that matter, ever allows its self to be run by the demands of looting rioters in the streets of its capital city, for that is anarchy in its truest form. The existing Egyptian government must now clear Egyptian streets of protesters/looters, restore order, and make its cities and streets safe enough to conduct an orderly election.
Mubarak must now announce a national curfew and that anyone on the streets other than the unformed military and police will be shot on sight, and he must do exactly this or the Egyptian people are in for a very dismal future.
When Tsar Nicholas II abdicated, your sentiments were the same ones expressed by his contemporaries. A lot of people thought that he was weak because it was ‘just riots,’ but it was also about a deep seated problem that had never been addressed and a group of people (this time the Muzzies, but in the past it was the Bolsheviks) were determined to overthrow the existing govenrment and have their precious revolution no matter what the cost or even if it was worth having in the first place.
Let the President abdicate and leace and let the Egyptians rot in their own mess. Let themselves get out of it if they like.