Will first and foremost, this effects us in the respect that it dominated our news screens yesterday, overshadowing Englands victory in the Rugby Union World Cup final

Secondly, you get used to it. As a European I mean. It is something we are used to, both historically and in my lifetime. If civil war is to break out in Georgia, I have a feeling most people will be thinking "here we go again".
Of course I am sympathetic towards the Georgians, and of course the other neighbouring former Soviet states of Azerbaijan and Armenia. War would not be a good thing for this part of the world, even if it does mean the beginning of a better era in Georgian history. War isn't good but change certainly can be.
Europe will watch this, sit on its hands for sometime, and if things turn for the worst probably find some way of getting involved. The only thing I worry about is that this is yet another issue in which Russia and NATO may be at loggerheads. If one gets involved, no doubt the other will feel it needs to do something also.
I have no doubt that complete stability will one day come to the entire European continent, as far east as the Urals and south as the Caucasus mountains. Its a while away yet though