It's nearly over.
A statement from President Obama:
There remains a degree of uncertainty, and there are still regime elements who pose a threat. But this much is clear: The Gadhafi regime is coming to an end, and the future of Libya is in the hands of its people. [...] I want to emphasize that this is not over yet. As the regime collapses, there's still fierce fighting in some areas, and we have reports of regime elements threatening to continue fighting. Although it's clear that Qaddafi's rule is over, he still has the opportunity to reduce further bloodshed by explicitly relinquishing power to the people of Libya and calling for those forces that continue to fight to lay down their arms for the sake of Libya. [...] We also pay tribute to Admiral Sam Locklear and all of the men and women in uniform who have saved so many lives over the last several months, including our brave pilots. They've executed their mission with skill and extraordinary bravery, and all of this was done without putting a single U.S. troop on the ground. [...] Finally, the Libyan people: Your courage and character have been unbreakable in the face of the tyrant. An ocean divides us, but we are joined in the basic human longing for freedom, for justice and for dignity. Your revolution is your own, and your sacrifices have been extraordinary. Now, the Libya that you deserve is within your reach. Going forward, we will stay in close coordination with the TNC to support that outcome. And though there will be huge challenges ahead, the extraordinary events in Libya remind us that fear can give way to hope, and that the power of people striving for freedom can bring about a brighter day.
I guess the one thing that's still missing is the capture of Qaddafi. Watch this space.