The military 'suspension' of Egypt's one and only elected government is a bad thing. Even if the elected president is unpopular and doing some things that are scary for religious minorities, he should not be ousted by mobs or generals.
The Arab Spring is still one of the most promising developments in the world. The Arab Muslim countries were the last holdouts against even attempting to create democratic societies. If there are ever to be stable, peaceful relations in the Middle East, the Arab nations have to establish real democracies. And nowhere is this more important than in Egypt.