The consensus on the forums is that Russia’s war with Georgia in South Ossetia is a boon for the Caucasus Emirate, a Jihadi group that seeks rule over the North Caucasus. According to its founder and self-proclaimed amir, Dokka Umarov, the emirate includes:
“Dagestan, Nokhchiycho (Chechnya), Ghalghaycho (Ingushetia), Iriston (North Ossetia), the Nogay steppe (includes parts of northern Chechnya, Dagestan and Stavropol district) and the combined areas of Kabarda, Bulkar and Karachay.” (see his proclamation)
Basically, all of these regions are north of Georgia in Russia.
On Ekhlaas, Shamil `Abd Allah opines that Russia’s incursion into Georgia will take pressure off the mujahids and turn Russia’s attention away from the Georgia-Chechnya border. Quraysh1 cryptically observes that the war will “open the door of help to the mujahids by means of Georgia.”
On his website, popular Jihadi scholar Hamid al-`Ali writes that the war is really between the West and Russia. American ambition crept up to Russia’s door and Russia responded.
The U.S. is interested in Georgia, `Ali argues, because it protects the oil pipelines that run from the Caspian Sea to Turkey. Bush even sent Green Berets there in 2002 with the ostensible purpose of helping Georgia fight al-Qaeda elements in the Pankisi region. But the real reason, `Ali maintains, was to train forces loyal to Washington so they could protect the pipeline. If Russia now threatens this vital U.S. interest, then the war is a good thing.
As for the Caucasus Emirate, it has decided to wait and see how the war unfolds.
Document (Arabic): 8-8-08-ekhlaas-discussion-of-significance-of-war-between-russia-and-georgia