For now, political Islam has an enormous hold over the populace. The reason you didn't see that for the last few decades was because Egypt was a military dictatorship and it didn't really matter what the people of Egypt felt.
But over time, I think that religiosity will be moderated, as it has in almost every Muslim country that has turned to democracy. Because given time, people realize: they really want good government, they want jobs, they want economic welfare, and the mullahs aren't always able to deliver those things. It doesn't matter so much what you preach about in abstract matters, what matters is governance.
Democracy in Egypt would be an earthquake in the Arab world — if it succeeds. And the reason is that Egypt is the heart and soul of the Arab world. Egypt is the place from which all culture emanates in the Arab world: the songs and music, the TV shows, the language in many ways.
Egypt is the birthplace of the two biggest political ideas of the modern Arab world. The first being Arab nationalism or Pan-Arabism, the idea of politically unifying Arab countries; and the second being Islamic fundamentalism and this whole idea of political Islam which came from the Muslim Brotherhood and Sayyid Qutb. These were Egyptian ideas which then spread throughout the Arab and then the Islamic world.