I may have overestimated Zelaya's chances. Looks like his reinstatement is far from automatic, but would have to be approved by the Honduran Congress and Supreme Court, both of which ousted him just a few months ago. More here.
Even if the final result is right, forcing this deal down their throats doesn't accomplish much to further democracy. Democracy hit the green in one, and we're requiring a mulligan. Also, it still looks like Zelaya gets back in: countries are already calling the special election, which is over three weeks hence. What a triumph of democracy, when the heads of other nations can just decide not to accept a result they don't like!