No. That’s the way liberals look at the situation; they think that increased literacy will eradicate fundamentalist Islam. It does not. A highly-organized group like the Muslim Brotherhood could not get by through having a low literacy rate. In fact, the more people read into the Koran, the more radicalized they get (look at the former Cat Stevens).
I would bet the thirty or forty percent of Egyptians opposed to Morsi and the Muslim Brotherhood are far more literate than their opponents. The great percentage of the illiterate Egyptians, like their illiterate counterparts in other Muslim countries, are far more likely to support radical Islam than the more educated Muslims. Like ignorant people everywhere, they’re easily led by demagogues. Like the one we have for president.