As of this morning, the Soviets Russians have announced a cease fire and claim they have halted attacks on Georgia. Georgia disputes this, claiming the Russians have continued air and artillery attacks on Georgian territory. The current lines are unclear. I have not been able to verify if Russian forces have withdrawn from undisputed Georgian territory, but it looks that way. Russia seems somewhat surprised by the ferocity of the Georgian defense. Rather than standing to fight on ground unfavorable to them, the Georgians have withdrawn to maintain their army intact (if quite bloodied) and to enable them to continue to resist. The Russians appear to have decided that they have secured about all the strategic gain they can at small cost and that further attacks would not be worthwhile.
Rather than be drawn into a protracted campaign in which the Georgians use guerrilla tactics, the Russians will likely consolidate their gains in the disputed territories, effectively absorbing them. They will likely also continue to press for the removal of pro-western President Saakashvili. The head of NATO, however expressed support for Georgia to continue on the path to membership.
Information Dissemination is also reporting that the Russians appear to be maintaining a de facto blockade of the port of Poti.