"In his March 17, 2009 speech to Russia's top military brass, Russian President Dmitri Medvedev raised the specter of a strong and robust Russian military. The fact is that while Russia is undergoing a major reform of its armed forces, and beginning to pump money into it, it will be several years, 2020 according to many Russian officers, before the Russian armed forces will be equipped with modern weapons. The reality is that the Russian military is in no position to threaten anyone. By their own admission, Russian generals view the war in Georgia as a 'disaster.' Russia won, but only by using outdated weapons and equipment and the kind of frontal military attack that was more reminiscent of World War II, than of the modern (non-contact) type of warfare. In short, Medvedev's effort to play the military card was nothing more than an effort to gain a diplomatic advantage by pulling the wool over the West's eyes."
Strategic Insights: http://www.ccc.nps.navy.mil/si/
Strategic Insights (April 2009), v.8 no.2