NATO?

I see that President Bush supports allowing Ukraine to join NATO, which currently has 26 members. I remember NATO's "glory days" when it faced off against the Warsaw Pact nations in the Cold War,with the US providing the muscle because Europe was in ruins. Now the Warsaw Pact is gone, Putin has figured out how to use oil instead of armies, and the European Union has assumed the non-military duties. I really don't see the point of NATO anymore, especially since Afghanistan has shown that it's not really a unified fighting force. I think the resources devoted to NATO could be put to better use.