That constitution doesn't seem unexpectedly or even expectedly bad as such, assuming (a big if) it's enforced roughly as written, but that's more a reflection of the less-than-ideal current state of affairs than anything else.
Keep in mind, whatever they drafted had to be sufficiently watered down to be able to pass a nationwide referendum. Even if they'd wanted to, they couldn't have written a constitution that would turn Egypt into a Sunni version of Iran, because it wouldn't get enough votes.
In any case, while many judges have called for a boycott, the supreme court seems to have cleared the way for the referendum to take place:
http://www.chicagotribune.com/news/sns-rt-us-egypt-referendum-constitutionbre8b20lc-20121203,0,5782065.storySo there will be a referendum on the 15th, and we'll see where things go from there.
