Update: Musharraf HAS Resigned

From the Sydney Morning Herald:

Musharraf quits to avoid impeachment

Matt Wade in Lahore
August 19, 2008

PAKISTAN'S President Pervez Musharraf, a key Western ally in the fight against terrorism, has chosen to resign rather than face impeachment by his political foes in the governing coalition.

Mr Musharraf revealed his decision in an hour-long speech on national television yesterday.

"I am announcing my resignation," a sombre-looking Mr Musharraf, wearing dark suit and tie, said.

The address came only hours before Parliament was set to convene in a prelude to taking up the impeachment charges.

"All my well-wishers should accept my decision … for the good of the nation," he said.
(snip)
Officials said Mr Musharraf's aides had been in talks with the coalition, brokered by Saudi Arabia, the US and Britain, to allow him to quit in return for indemnity.

Speculation over Mr Musharraf's fate intensified on Sunday when the US Secretary of State, Condoleezza Rice, said on US television that granting asylum to Mr Musharraf was not being considered by Washington.