Military Estimates on Russia-Georgia Conflict?

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Is there any possibility that other foreign nations may get involved?

No. The US is tied down in Iraq and has diplomatic worries abroad (but the US supports Georgia diplomatically, for sure). I doubt any European country would want to intervene directly against Russia. Ukraine, depsite Yushchenko being close to Saakashvili, will certainly not intervene, because Russia is a threatening power to Ukraine. I'm not sure what Putin's Belorussian clone is doing in this situation.

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Is there any possibility that other foreign nations may get involved?

No. The US is tied down in Iraq and has diplomatic worries abroad (but the US supports Georgia diplomatically, for sure). I doubt any European country would want to intervene directly against Russia. Ukraine, depsite Yushchenko being close to Saakashvili, will certainly not intervene, because Russia is a threatening power to Ukraine. I'm not sure what Putin's Belorussian clone is doing in this situation.

Essentially the only powers I could see getting involved are Azerbajian, Turkey(if Adjara revolts) and perhaps Armenia.

Turkey won't fight Russia. If Adjara revolts, they'll only occupy the region (like they did in Iraq) to prevent secessionist movements, ala Kurdistan.