The whole world should be concerned. Egypt is one of the more powerful nations in the middle east. Iran is kept in check with the more stable countries in the area and their outside influences (USA, Russia, EU, etc..).
If Egypt goes Sharia then it will severely shift the balance of power in the whole middle east. Now we'll have two of the most powerful nations in that region ruled by the same laws and if the Muslim Brotherhood gets into power in Egypt, they'll be just as stable as Iran. Iran and Egypt working together could easily get a nuke program going in a few years. It's a good guess that Saudi Arabia will side with whoever is more powerful / offers them more in return.
Fanatical Islam would easily have a strong foothold in the middle east.
No nation would be able to hold off the influence, most of the smaller nations would fall and Israel would be in a tight spot (literally and figuratively). The US / Allied presence in Iraq won't be able to hold it back so it's a good guess that Iraq would fall this way eventually.
Sadly, people always wanted to see peace in the middle east - this is one way to accomplish it because the wars will be spread out of that region.














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