The Russian invasion of Georgia is not just an isolated incident. Russia declared it was acting to "protect" a particular pipeline, which ships oil to Israel. Without the oil from the pipeline, Iran will be the only major oil producer in Central Asia, and Israel will no longer have an overland source of oil.
The United States, the European Union, and Israel are preparing for war against Russia and Iran. One of the largest naval fleets in history, containing both U.S. and E.U. ships, is right now heading towards the Persian Gulf, and Israel has just completed a massive defense operation for a simulated Iranian invasion.
It would be unlikely for full-scale fighting to begin during the Olympics. But if the rhetoric and war planning continue to escalate over the next few weeks, and especially if there is some big disaster, I would not be surprised if our government decides to go ahead and attack Iran. In that case, China will not be on our side either - in fact, they could themselves invade Taiwan, which they have been wanting to do for some time. A Taiwan invasion would quite possibly create a second (or third) theater of war, spreading the U.S. military thinner than ever.
I hope the "free" governments of the world will think twice about trying to defeat Iran in battle, because it would be a fight they could not win. On the other hand, it would mean Christ's return is very near. (Think: Zechariah 12)
-R. Josiah Magnuson