Went here last year for a nice break to get away from uni after i had finished.
I wish i could say i reccomend it, but i cant.

Everyone there just seems to be trying to get as much money out of you as possible.
Including the hotel staff.
Be prepared to argue, get leered at, perved upon and harassed. They do not know what no means and will try to rip you off on every occasion.
The theme tune to my holiday was the constant beeping of horns from the taxi drivers, who are easily the worst con artists that sharm el sheikh has to offer.
Ask around first to see how much it should cost to get to places, otherwise they will try to charge you 10x as much as it should have cost in the first place.

The food is terrible, everyone i know that has been there has gotten ill, i myself had food posioning.
The only safe place i had food was mcDonalds, what does that say?
Apart from all of this the weather is gorgeous, the beach is nice and the ocean is great.

I would reccomend doing the excursions but again look around, the hotels may say that they are the cheapest and safest but they just take your money then go to the people on the beachfront and give them even less then what you paid for the service.

Look around in the shops, they get everything they sell for really cheap but try to mark it up stupid amounts, haggle with them, if they say no or demand another price just walk away. Nothing is unique, everyone does the same stuff.
I can understand why they are like this, but they just dont learn when enough is enough.

I feel sorry for the women who go there, i was there with my girlfriend and we were harassed by many men, it gets annoying very quickly and theres not much you can do espechially if some of the men are the police, all with guns.