In 2005, Mohamed Morsi was in prison and Hosni Mubarak was President of Egypt. As of yesterday, Morsi is President and Mubarak is in prison.
It remains to be seen how much power Morsi can and will exercise. The ruling military, and courts appointed by the former regime, recently disbanded parliament, asserted the rights of the military leadership, and ordered a new constitution. But, two things are clear. Had the military declared Morsi the loser, and tried to install former Prime Minister Ahmed Shafiq, there would have been blood instead or fireworks in Tahrir Square last night. And, Morsi delivered precisely the kind of unifying speech such a moment demanded. To be clear, it was SUCH a moment. Egypt, one of the oldest civilizations in the world, had never given the civis any say in who should lead the country. If Mosri's actions can match his words, Egypt can take a big step towards peace both within its borders and with its powerful neighbor Israel.