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Or more accurately, as soon as the Georgians started it (with a nod and a wink from Bush apparently). Georgia will be lucky to keep its independence let only the lives of its soldiers (Russia is punitively going after the retreated Georgian military, not for military goals but for political goals). However, I see nothing wrong with the US airlifting their troops back to Georgia from Iraq. That's still a neutral action you do for an ally.
However, the Europeans should be shitting their pants because Russia may have some designs concerning that huge pipeline from Georgia to Europe. Higher oil prices? Duh.

Id be pissed off too if i was Russia. Russia had "peacekeepers" in the region where Georgia decided to start shelling and firing rockets