They will benefit by the protection the MiGs provide against them, oops, I mean for them.
Theres not a single country in Latin America that needs MIG-29s. This just starts a minor-league problem between Venezuela and all of its neighbors. There was a period in the 1960s where almost of the dictators in Latin America was using its military to threaten neighbors...thus keeping their instablity out of the press. It appears that we are going full-circle now.
Chavez was funded with UN blood for oil money via a mutual friend to both Chavez and Castro, Saddam Hussein. This isn't new news. Maybe the media finally deigned to notice it NOW, but it might carry more journalistic weight if it had been news two years ago. Mass media loses again.
They will watch "El Presidente" fly over military parades as a proper "Banana Republic" dictator.