The Congressional Research Service updated its report on Honduras and it provides a clear summary of the crisis. Interestingly, Mary Anastasia O'Grady uses it to claim that the Obama administration lacks "legal basis" for calling it a coup. Here is the relevant part of the report on that issue:
Roberto Micheletti maintains that he is the legitimate president of Honduras, and that Zelaya’s removal was not a military coup. Indeed, Micheletti refers to the ouster as a “constitutional substitution,” despite the acknowledgement of the Honduran army’s top lawyer that the military likely broke the law by forcibly sending Zelaya into exile. Those involved in the removal maintain that their methods were necessary to avoid chaos and bloodshed. Micheletti has named a new cabinet, announced a preliminary plan of governance, and assured the public that general elections will be held in November 2009, as previously planned. The de facto president has also received strong support from some sectors of Honduran society, with thousands of people marching in support of Zelaya’s removal. A poll taken in the days after the ouster found that 46% of Hondurans opposed the military removal of Zelaya while 41% thought it was justified.
Despite Micheletti’s declarations that the country continues to function democratically, Honduran society generally has been under strict control since Zelaya’s removal. Following the ouster, a curfew was put in place, security forces have patrolled the streets, and a number of local an international television and radio stations have been shut down or intimidated. Additionally, members of Zelaya’s Administration, some members of the press, and at least one Congressional deputy have been detained or forced to go into hiding. Crowds of thousands of protesters have been dispersed—sometimes violently, and on July 1, the Honduran National Congress approved a decree suspending a number of constitutional rights. The decree allows security forces to enter private homes without a warrant, allows the detention of persons for 24 hours without charges, and suspends the rights of free association and free movement during curfew hours. While the curfew was lifted on July 12, it was reinstated on July 15, and remains in place in some parts of the country. Likewise, there continue to be reports of media censorship and political repression.
I should point out that since the Honduran constitution forbids forced exile, it is not just "likely" that the Honduran military broke the law.
Days since the coup: 85
Days until the scheduled presidential election: 69