If Zahi Hawass was hoping that the recent arrests for smuggling of Egyptian artifacts would help keep him in power, it has not happened:
http://artsbeat.blogs.nytimes.com/2011/07/17/egypts-antiquities-chief-says-he-will-lose-his-job/
Where will he go? To the archaeology department of an elite University? To Hollywood? Wherever it is, I'm sure we have not heard the last of him.
And what of the allegations of corruption? Will his departure end any inquiries or stimulate them? That too remains yet to be seen.