Greg Grandin has a nice piece in The Nation this week: "Democracy There, Democracy Here: Honduras." In it, he discusses events in Egypt and Honduras in terms of the broader theme of "Washington's betrayal of democracy" throughout the world. It offers a solid historical summary and updated information on what's happening on the ground in Honduras.
I found it through Adrienne Pine's blog Quotha, which Grandin recommends in his article as a wonderful source of news and analysis about Honduras and US imperialism. I concur!