This piece makes some sense. A snippet:
What can the West do? The first step is for the U.S. and its allies to rush military and medical supplies to Tbilisi. If we want democracy to survive there, Georgians have to believe that we have their backs. At the moment, the tepidness of the Western response has given them serious cause for doubt. In addition, Washington should lead the effort to devise a list of economic and diplomatic sanctions toward Russia that impose real costs for what Moscow has done. Russia should know that the West has a greater capacity to sustain a new Cold War than Russia, with its petroleum-dependent economy, does.
Next, the West should make use of Russia’s claim that its role in South Ossetia and Abkhazia is driven by the need to protect the populations there. If so, Moscow should have no objections to U.N.-sanctioned peacekeepers and observers moving into those two regions to replace the jerry-rigged system of "peacekeepers" that, until the war broke out, consisted of Russian troops, local separatist militaries and Georgian forces. If nothing else, the goal should be to put Mr. Putin and Dmitry Medvedev, the new Russian president, on their back foot diplomatically.
Read the whole thing.