International Crisis Group (ICG) provides a detailed, balanced and bleak analysis of the current crisis in Egypt. I highly recommend you read the whole piece here, especially their take on SCAF's role in the current mess. My favorite line from the piece is in relation to the current lack of violence "Yet all this is enormously fragile, a brittle reality at the mercy of a single significant misstep." Below is an excerpt that deals with the way forward according to ICG:
Fragile, Arab Museum of Modern Art, Qatar. Photo by Hiro Ihara.