After the drama level dies down a bit to mere human levels.
In the meantime, Mittens seems sincere in an offer to resign if that will quell the controversy, calm the waters, and protect CCP and the CSM. Short version, though (even if this gets me flamed): that's noble, but I personally do not feel that it's necessary, or warranted.
More tomorrow or the next day.
EDIT (26/Mar/2012): As I put it on Twitter:
I feel an offer byand
@TheMittani to resign from #csm7 (if sincere) is noble, but not warranted. An apology, though? Definitely. #tweetfleet
And indeed, Mittens has apologized. That's a lovely start. Again, I'll have more to say about it tomorrow, but what's above is the gist of my opinion.
@Mara_Rinn @TheMittani There's a difference between the person and the persona. This situation clearly shows that.