Egyptian President Hosni Mubarak. Image taken from Wikimedia Commons where it was available in the public domain.

Well, not yet, but it is only a matter of time.

EDIT - You read it here first! - END EDIT

The army has been called into quell the protests and he was supposed to make a speech on Egyptian TV - a speech that has been postponed.

It seems that Mubarak's primary backer has pulled out - Brian Whittaker from The Guardian describes his view of the US position, which if true more or less means they no longer think Mubarak will be in power for long: