Should We Fear May 9?

May 9 is Victory Day, the day that the Russians celebrate their victory over Hitler's Germany in 1945.  It is customary on Victory Day for a major military parade through Red Square to punctuate the holiday, reminding the outside world as well as the Russian populace of the invincibility of what used to be called the Red Army.

What will Russia's most ambitious military venture since WWII look like to Vladimir Putin on, say, May 1 of this year?  If it looks like the debacle that it clearly is, will he feel compelled to radically up the ante by May 9 and, if so, what will that look like?