Georgia states that they have withdrawn from South Ossetia and that Russian troops control the capital.
Drudge is linking to this story in the Daily Mail calling this The Pipeline War. Just as Not a sheep postulated in a post I linked to earlier.
Numerous outlets report that the Russians have bombed the Georgian capital of Tblisi, a pipeline, and a military airfield and/or the civilian airport in Tblisi. And the Russian navy is deploying to interdict military supplies going into Georgia.
France holds the presidency of the EU. While even the UN could rouse itself for a meeting on the weekend, the EU will wait:
France, which holds the EU presidency, announced that it would host a meeting of European foreign ministers early next week and an emergency EU summit could be held.
The European Union "strongly states its commitment to the sovereignty and the territorial integrity of Georgia and its internationally recognised borders and urges Russia to respect them," said a statement released by France.
The EU "underscores that the military actions (against Georgia) could affect EU-Russian relations," it added.
This war has been warming up for a long time. Here's a video of a Russian fighter shooting down a Georgian UAV: