No amount of promises will satisfy the Egyptian people, Hosni Mubarak should step down now. Perhaps it is too late already for an orderly transition, but the longer he lingers, the more violent is the transition likely to be.
Mubarak has ruled Egypt with an iron fist for thirty years, no wonder the anger is boiling over in the streets. He has not allowed any opposition candidate to run against him, most opponents have been languishing in jail for years. A vast number of Egyptians remain poor and have not benefited from economic prosperity that a few have enjoyed. Mubarak and his cronies live extravagant lifestyle in palaces like kings.
Mubarak's grooming of his son as his successor may be the proverbial "last straw that broke the camel's back". People have had enough of one Mubarak and they are not ready for another. Also, Egypt is not a kingdom, where a son can take over reigns of power when the father dies or retires. Tunisian uprising may have lit a fire in the Middle East, but anger has been boiling in Egypt for quite some time now, all it needed was a fuse.
To prevent conditions getting worse, Hosni Mubarak should hand over power to an interim non-partisan authority, whose sole task should be to hold free and fair elections within 90 days. This can prevent further violence as angers will cool down and the public will feel empowered to elect a leader of their choice. Failure to step down will only result in more violence, death and destruction and a severe blow to Egyptian economy. MR. MUBARAK, PLEASE GO NOW AND SAVE YOUR COUNTRY.