What we saw today — so far at least — is that even amidst public uncertainty about the future, split public opinion on Tahrir and SCAF, and organizational chaos, the Egyptian people are eager to participate in the democratic process that may have real meaning for the first time in their lives. They are sharing in the fruits of the revolution, with pragmatism and hope, and testing whether the change is real. I don't see the high turnout (or what we think is a high turnout as we await official data) as a sign of support for SCAF. It's a sign of support for the democratic process and hope for its improvement.
That is a testimony of the Egyptian people's seriousness. But it does not change the fact that these elections were prepared with staggering, perhaps even malicious, incompetence and on that basis alone should not have been held, and that the transition blueprint in general is a bad one.