sharm will be totally fine. its pretty much isolated from the rest of the country. check out for example these updates of facebook from the dive centre that i use:
Ocean College We are back!! Missed you all. We once again have internet in Egypt, so see you all soon. Sharm has been an oasis of calm and it has thankfully been business as normal for us
02 February at 12:46
Ocean College Just to let you all know we are all safe and sound. There is nothing going on here in Sharm except the usual. A guest told me that people who have come back from Sharm are saying on the news that the streets are full of tanks and soldiers in Sharm, the only tanks we see are the scuba tanks on the boats, so this is aloa...d of rubbish they are just getting their 5 mins of fame.
See more
Thursday at 16:14
Ocean College
News is right about the fuel. The boats are ok as 6 trucks came into Travco yesterday. But for cars there is very little and when there is the cars are queuing in the only way Egyptians can queue (utter chaos!!!) all up the road. Food is ok... people did alot of panic buying missing from the shelves is bread, milk, rice, fresh veg etc but even that is coming back. Lets put it this way we are not starving yet but we will be upset if the beer runs out!! Some of the hotels are stopping their Al a carte menus just to be more careful and the reports that people are not allowed out of their hotels are rubbish as well. We havent heard any of that and they guests we have are all allowed out. One of the tour trip venders made me laugh the other day as I walked past trying to sell trips to Cairo only 10 dollars!!See more
Thursday at 18:08
or twitter updates from a dive guide out there:
http://twitter.com/Divebunnie