SOON Beginning of the end? NILOVA Roy Chaudhury New Delhi, April 21 IS KING Gyanendra's Friday announcement the beginning of the end for the Shah dynasty of Nepal? Analysts say the monarch has "offered too little, too late" and the popular agitation against him will continue until he is forced to relinquish the throne. Analysts and opposition parties discounted Gyanendra's offer as a "hoax" and a "ploy" to buy time. They said it fell far short of their demands. And that the king had reverted to the situation prevailing before he assumed absolute power on February 1, 2005. Nepal's monarch has "again played politics" and "tried to confuse the issue with pure rhetoric", S.D. Muni, professor and long-time Nepal watcher, told the Hindustan Times. "Nowhere has he mentioned that he has revoked Article 127" of the 1990 Constitution, nor has he chalked out a road map for elections to Parliament or a Constituent Assembly, he said. "I don't expect the seven party alliance (SPA) to accept this offer." Article 127 gives the king powers to overthrow the elected government. Shekhar Koirala, of the Nepali Congress, said the SPA-led agitation would continue as the king's offer fell far short of their demands. A former Indian ambassador to Nepal, Deb Mukharji, said the Indian government "needed to change its spectacles" as its views appeared "out of focus". The real issues at the centre of the popular unrest in Nepal had not been addressed, and what was on offer would not be acceptable to the SPA, he said. Having got Gyanendra to blink, the pro-democracy agitation -- which has assumed a "life of its own" -- is "unlikely to subside until Nepal becomes a full-fledged republic," said an analyst.