There are rumblings in the Council of Europe about ejecting both Russia and Georgia, which just goes to show what memberships in the Council of Europe are actually worth, seeing as how this was shortly followed by Russia signing treaties with South Ossetia and Abkhazia guaranteeing protection in the event of an attack.
Still Jaap de Hoop Scheffer, the NATO secretary general, has declared that Russia cannot block Georgiaan membership in NATO, which implies that Jaap de Hoop Scheffer has not read the NATO charter, which states that there can be no extant border disputes for a nation to be brought into NATO.
The only way for Georgia to get into NATO at this point would be to recognize the independence of South Ossetia and Abkhazia, and somehow come to a consensus on what the borders were.