Change in Egypt?

I have an issue with what has been reported in the last day or so. Has Mubarak really resigned the post of President or has something been lost in translation or has that word even in reality been stated in any form of official statement. I wonder about this because in all non-death changeovers that I recall, the so called leader/dictator has left the country to a possible lifetime in exile (wonder what is happening in Haiti given the return of Duvalier which has gone quiet recently). This is not the case at this moment with Mubarak staying at a residence in Sharm el Sheik. So what can we speculate on. Mubarak still harbours some form of "leadership" in Egypt but I can only refer to something like Spain in the aftermarth of the death of Franco. His so called successor became a monarch and not a president/dictator setting up the democracy that Spain now has. This though was a reasoned change and maybe Suleiman needs to see how this can be brought to fruition with a president that is either ceremonial or performs secondary functions in a relatively neutral fashion (see the Republic of Ireland as an example here). However, the last 18 days though important they were to the people, the next 21 days are going to be very important to see what sort of future the country is going to have.