Rezwan’s summary of Curphew Day 2 events are here.
BBC News has a very interesting overview by Sabir Mustafa:
Key Highlights:
Who was in these protests:

Many of these demonstrators were the dirt poor of the city - slum dwellers whose homes had been demolished by the authorities, and street vendors who had been evicted from the street.
“The army chief should resign. They are killing us to keep themselves in power. They think the public are idiots. But we are not idiots. They have come to organise elections, so they should just hold elections and leave”, said one irate street vendor.

Govt Reaction:

“Some evil forces used the events on the university campus to spread chaos in many parts of the country including Dhaka. Under the circumstances, the government has demonstrated extreme patience, and taken some steps to protect the lives and property of people and put an end to illegal activities,” he said.

Journalist Reacts

“We have seen in the past that whenever people have demanded an end to emergency powers or military rule, autocratic governments have always responded by calling the protesters evil and conspirators,” said Nurul Kabir, editor of New Age newspaper

On Direct Military Rule:

While many see these demonstrations as simply a manifestation of people’s anger at the continued state of emergency, others fear such chaos could be used as an excuse to impose direct military rule.

“Every event and action has consequences, and the consequences can be very serious,” said Dr Ali Riaz, head of department of politics and government at Illinois State University.

“Direct military rule would be catastrophic for the country’s economy as well as the political process,” he said

On exit strategy:

“Replacement of the current caretaker government with a broad-based government of national unity would enable the army to make an exit from the current impasse,” he said.

But the idea of a government of national unity - with representatives of all political parties - has remained an elusive one.

Few believe that ideologically diverse parties would be able to reach the kind of consensus needed to form such a government.

A more realistic exit strategy for the army would be to lift the ban on political activities and bring forward the date of elections from December 2008 by perhaps a year.

There are fears of the military taking over power

To many, there could be no better strategy than to hold early elections and handover power to an elected government, with a clear understanding that the anti corruption drive would continue without hindrance.

Would be interesting to hear your views on exit strategy and beyond because the reality is conspiracy or no conspiracy as the article stated, these protests will not go away. If you think it was done by the political and corrupt business group, then they are not going away. If they can now manage destablizing the whole country like this, then they can do that again and again. Similarly, if you think the protests are genuine, then its even worse. They will keep coming back as well. If that is the case, then what can we do as a possible alternative where both anti-corruption drive continues and army has a graceful exit and keeps its professionalism intact. Even the strongest supporter of the current policy will not disgagree that economy is at a low point due to uncontrolled inflation and lack of economic activity. Are we willing to sacrifice are economic potential and growth which is caused by all of these uncertainty?