Well, at the moment, it appears that Mohamed Morsi's gone. Yes, it was another military coup, and we still can't be sure how it will turn out. Since it's the Middle East, there's a high probability that it will turn out badly.
Look at the component parts. Up there on the podium with General Abdul Fatah al-Sisi were a bunch on non-Brotherhood Muslim clerics, some Coptic Christians, and the ever ambitious Nobel laureate, Mohamed el-Baradei. I suppose there may have been a couple of populist secularists up there too, but I'm betting they were way off in the wings.
There were a few major problems with Morsi, the foremost of which was that he is incompetent. Another was that he moved entirely too fast to implement Islamist ideology, and cuddled up way too close to the Salafists. Moreover, I don't recall that he ever had an economic policy.
So we're back to two years ago, waiting to see what the military will do. They've cancelled the Islamist Constitution the Brotherhood pushed through, put a Mubarak era judge in charge of the executive, and are telling us they plan for early presidential elections.
I guess we'll just have to wait and see.