Both factions have signed the accord to end the political standoff in Honduras.  We only have sketchy information so far, but La Prensa has published a tentative list of points - thanks to Greg Weeks for the translation:

1- La creación de un gobierno de unidad y reconciliación nacional.

The creation of a national reconciliation and unity government.

2- Rechazo a la amnistía delitos políticos, y demoratoria de acciones procesos penales.

Rejection of an amnesty for political crimes, and delay for penal processes.

3- Renunciar a una convocatoria a una Asamblea Nacional Constituyente o a reformar la Constitución en los artículos constitucionales irreformables.

Reject the convocation of a National Constitutional Assembly or reform of the unreformable constitutional articles.

4. Reconocer y apoyar las elecciones generales y el traspaso de Gobierno.

Recognize and support the general elections and the transfer of Government.

5- La transferencia de autoridad sobre las Fuerzas Armadas al Tribunal Supremo Electoral.

Transfer of authority over the Armed Forces to the Supreme Electoral Tribunal.

6- La creación de una comisión de verificación para hacer cumplir los puntos del acuerdo.

Creation of a commission of verification to ensure compliance with the points of the accord.

7- La formación de una comisión de la verdad para investigar los sucesos antes, durante y después del 28 de junio de 2009.

The formation of a truth commission to investigate the events before, during, and after June 28, 2009.

8- Solicitar a la comunidad internacional la normalización de las relaciones internacionales con nuestro país.

Request from the international community normalization of international relations with our country.

9. Apoyar una propuesta que permite un voto en el Congreso Nacional con una previa opinión de la Corte Suprema de Justicia para retrotraer todo el Poder Ejecutivo previo al 28 de junio.

Support the proposal that permits a vote in the National Congress with previous judgment from the Supreme Court to make the Executive Power retroactive to before June 28.

Point 9 means that the Supreme Court and the Congress must agree to the accord.  As I understand it, since the Supreme Court has already ruled that it would not accept Zelaya's restitution, the SC will now only decide if Congress can ratify the accord.  What are the chances of the Honduran congress agreeing to reinstate Zelaya?  I think it is good, perhaps over 50%.  According the the election polls, National Party candidate Pepe Lobos is leading Liberal Party candidate Elvin Santos by a significant margin.  While the Liberal Party is the majority party in Congress, the National Party is a significant minority.  If congress rejects reinstating Zelaya, the accord fails, and the election will not be recognized by the international community, including (maybe) the US.  Additionally, Zelaya is also supported by a minority of Liberal Party congress members - 25 or 30.  That doesn't leave that many votes to reject the accord.  We shall see - the vote could take place today.

Point 2 is interesting, since both factions could face legal procedings in the future.  I think Zelaya agreed to this because he is confident that the charges against him won't stand up to litigation.  But this issue will be clearer when the final accord documents are released.

Finally, the "people" don't benefit all that well by this accord, since their interest in for a new constitution is thwarted. But note that Juan Barahona, a leader from the Resistance Front, was originally part of Zelaya's negotiation team, but withdrew two weeks ago when the issue of the stopping actions for a constituent assembly was put on the table.  As the Resistance Front explained, Barahona's withdrawal was specifically aimed at keeping the constitutional assembly open for the Resistance Front, and it was not an indication of the Front's not supporting Zelaya.