*Did Mubarak transfer power to VP?

That's what the Egyptian Ambassador to the United States is telling CNN. That supposedly makes Vice President Omar Suleiman the de-facto president of Egypt, and head of the military. Who knows if that's really true, but there's been speculation all day that the deal being cut would leave Mubarak as only a figurehead.

*NYT columnist Nicholas Kristof says that Mubarak is delusional (that's a polite word for what he is):

My guess is that we'll see massive demonstrations in many cities -- not just Cairo -- on Friday, a traditional day for demonstrations. In effect, Mubarak and Suleiman have just insulted the intelligence of the Egyptian people -- and they will respond. The regime has managed to galvanize the protesters, and it may be committing suicide. And I worry a bit that somewhere or other we may see violence. People are getting frustrated, and police are scared. The military is also sending signals of impatience, and there are hints that a coup could come. But in an Egyptian context, what would a coup mean? Mubarak's regime is a largely military one (in civilian clothes): Mubarak, Vice President Omar Suleiman and so many others -- including nearly all the governors -- are career military men. So if the military now takes over, how different is it?