And who's suggesting that Mubarak should be kept in power?
And who's suggesting "regime change" as in "violent overthrow" or anything of that nature?
It should be a worldwide finger wag, IMO. A loud, long, talked-about and sustained tut-tut. People aren't stupid, least of all Egyptians, who are some of the smartest folks on the planet--they'd get the drift.
It's just not "OK" to fuck over half the population in the name of so-called "democracy" and pretend it is the will of the people when it is, in fact, disenfranchisement, coercion, bullying and shaming--all in the name of the predominant religion. Funny how we in the USA are lightning quick to excoriate the fundy nuts here, but can manage to pretend it's "cultural" when we see some gay kid getting kicked to shit or a woman getting beaten with a switch for showing an ankle "over there."
And it's not an "either-or" construct, either.
I'm going to take a huge guess and figure you're not a member of a minority. People who have experience as "others"--owing to ethnicity, gender, orientation, what-have-you-- grasp this issue better than those who have always held a place of privilege in society.
What's happening in Egypt is NOT good. It is a giant step back, over a hundred years, culturally. And it's fucking over more than half the population, the half that has no power and damn little voice in the society. That will never be acceptable to me. If you don't believe me, ask some of the "lucky" women or gays who escaped Iran following Khomeini's rise to power. Ask them what they expected from the revolution, and what they got, and why they left. You'll get an earful.