In one of the comments of this blog there was a link to a new blog called Armenian Politics Weblog. The first post there is a quite interesting analysis of the situation.
...we have a situation, which is completely different from what had existed during Robert Kotcharyan’s presidency. We have a government which has never been as weak as it is now (probably, except for the aftermath of October 27,1999), and opposition, which has never been as strong as it is now. Of course the opposition is not strong enough to overthrow the government, but the government is not strong enough to crush the opposition either....I highly recommend reading it.