1. Yes, Russia wants to annex the Crimea. Were we genuinely thinking something else?
2. No, there isn’t going to be another Cold War, whether Russia can afford it or not. Russia isn’t the Soviet Union, isn’t going to dominate eastern Europe, split Germany in half, and threaten the west. The United States, for its part (and despite John McCain), isn’t interested in another 50 year existential struggle with a near economic and military equal in Europe.
3. How about we learn another language to describe the situation, one that doesn’t rely on cold war terminology.