Of course not.
1) Did Mubarak gamble that people would be exhausted and react with disappointment instead of anger?
2) Is he hoping the protesters will snap to provide a pretext for a violent crackdown?
3) What was his speechwriter smoking?
BBC reports that protesters have begun moving in the direction of the Presidential palace. Omar Suleimann speaking now.
Mubarak: “Those who have committed crimes against the youth will be severely punished.”
Suleimann: “Don’t listen to the foreigners, listen to your conscience and the dangers around you.”
Military representatives to make a statement presently.