Not sure as I'm not in Morocco, but I don't think it's in the same straights as many Arab states in the area. Morocco has a monarchy, and I believe their King is highly thought of and is trying hard to make improvements, regards the corruption etc. I think he has the support of the people. Maybe Morocco could be the only stable country in the region as those with the authoritarian rulers fall one by one.
Who knows, but I would say personally, the trouble at the moment In Tunisia and Egypt would not stop me travelling to Morocco.
Maybe someone has a better knowledge of the country can advise you better.