As Kyrgyzstan plunges into crisis and the threat of a second Afghanistan in Central Asia looms large, the situation in the “Big Caucasus” seems less pressing and thus overshadowed. The worst scenarios predicted by analysts and politicians for the period of the 2008 August war have not been realized. The Russian attempt to “replace the regime” of Mikhail Saakashvili or apply the Georgian pattern in Ukraine, expected by many in the West, has not taken place. Neither have the attempts from the West (the United States, NATO, and others) to “nudge Georgia into a rematch,” which were expected in Moscow. Nonetheless, the Caucasus region remains one of the most vulnerable spaces in Eurasia.