Well, despite its announcement, Russia is still in Georgia, with reports of looting, rape, and other atrocities (apparently by Chechen and Ossetian militias that accompanied the army). The Russians have occupied the Georgian (not Ossentian) city of Gori, cutting the country in two. Charles Krauthammer has some excellent analysis:
His objectives are clear. They go beyond detaching South Ossetia and Abkhazia from Georgia and absorbing them into Russia. They go beyond destroying the Georgian army, leaving the country at Russia’s mercy.
The real objective is the Finlandization of Georgia through the removal of President Mikheil Saakashvili and his replacement by a Russian puppet.
Which explains Putin stopping the Russian army (for now) short of Tbilisi [the Georgian capital]. What everyone overlooks in the cease-fire terms is that all future steps — troop withdrawals, territorial arrangements, peacekeeping forces — will have to be negotiated between Russia and Georgia. But Russia says it will not talk to Saakashvili. Thus regime change becomes the first requirement for any movement on any front. This will be Putin’s refrain in the coming days. He is counting on Europe to pressure Saakashvili to resign and/or flee to “give peace a chance.”