Is U.S. Egyptian policy just an Israel policy in a 'galabiya'?

"... nine times in that piece (NYTimes) , reporter Helene Cooper states what the American government cares about most, the treaty with Israel:

"... The Obama administration appears now to be openly hedging its bets, trying to position the United States in such a way that regardless of who comes out on top — the army or the protesters — it will still maintain some credibility, and ability, to influence the government and ensure a level of stability in Egypt, and to continue to uphold the Egyptian-Israeli peace deal, which the United States views as central to stability in the region as a whole....

For more than 30 years, the United States has viewed the Egyptian military as the safeguard of the Camp David peace accord ...  When President Obama broke with Mr. Mubarak this year, administration officials at the same time sought assurances that the Egyptian military would guide the transition to democracy and continue to uphold the treaty...Of all of the countries undergoing tumult in the Middle East this year, there is none more central to American interests than Egypt. ...

Egypt is different. “In terms of the weight of any single country, Egypt outweighs them all,” said Rob Malley, program director for the Middle East and North Africa with the International Crisis Group. “The reason why is because of its size, its population, the historical role its played in influencing Arab public opinion, and, of course, from the U.S. point of view, because of its peace agreement with Israel"