Update: ElBaradei has said he won't run for president. In the meantime, the Egyptian military has announced it will sack the cabinet.
Omar Suleiman has just announced that Mubarak has stepped down. And with Al Arabiya reporting that Omar Suleiman has also stepped down, this means that the military is now in charge. The countdown to peaceful revolutions all across the Muslim crescent is now on.
Watch the jubilation at Al Jazeera