Hosni Mubarak Resigns As President on Al Jazeera has video and text.

At the top of the story they say:

Hosni Mubarak, the Egyptian president, has resigned from his post, handing over power to the armed forces.

Omar Suleiman, the vice-president, announced in a televised address that the president was “waiving” his office, and had handed over authority to the Supreme Council of the Armed Forces.

Suleiman’s short statement was received with a roar of approval and by celebratory chanting and flag-waving from a crowd of hundreds of thousands in Cairo’s Tahrir Square, as well by pro-democracy campaigners who attended protests across the country on Friday.

At the bottom of the story they say:

In a statement read out on state television at midday on Friday, the military announced that it would lift a 30-year-old emergency law but only “as soon as the current circumstances end”.

The military said it would also guarantee changes to the constitution as well as a free and fair election, and it called for normal business activity to resume.

Al Jazeera’s correspondent in Tahrir Square said people there were hugely disappointed with that army statement, and had vowed to take the protests to “a last and final stage”.