Condoleezza Rice remains on vacation (but close to the phone) while Russia, her area of expertise, is on the move in Georgia. Where will she be when Russia moves toward Iran:

One thing we should pretty much count on is that Moscow right now is casting an eye toward Iran, the most direct route to restoring its influence in the Middle East. An Iranian-Russian alliance, Moscow knows, would be an Israeli-American nightmare, not to mention a major headache for the global economy. Russia sitting on Eurasian oil exports and Iran on the Strait of Hormuz would put 22 million bbl. a day under the control of a very unfriendly alliance. Will Moscow try to team up with Tehran?

The thing about nightmare scenarios is that they rarely come true. Still, it bears watching. There are half a dozen pending arms deals between Russia and Iran on the table, including the Russian S-300, an air-defense system that would make an aerial attack on Iran very costly. If Russia, emboldened by a victory in Georgia, were to go ahead with the deal now, it would be a sign that imperial Russia is truly back on the move.