Seems so.
Putin puts up nicely with more barbaric neighbors than Saakashvilli. The real aim of Russia's war effort is reportedly about 100 miles from the Russian lines (probably less now) - the Baku-Tbilisi-Ceyhan Pipeline.
Putin's Kremlin will steal or destroy this pipeline as surely as they will steal the BP half of BP-TNK.
Russia is courting absolute disaster with this nonsense.
The answer to dealing with authoritarian regimes in the Eurasian republics is *not* the establishment of the Putin Union.