mmm well Georgia played a great game against Samoa, but Italy still has an edge over Georgia today, yes. They've had their worst year in some time, and Georgia has transcended to win this one, but Italy shouldn't have too much trouble dealing with Georgia today. Though I admit Georgia has had some very good results this November, and I'm quite happy to see they've improved a lot since the RWC.
But to have a technical look at it:
Italy can produce a quality of defense for 80min Georgia hasn't ever. Italy would have an edge even in the scrum, Georgia's strength.
And the back play is nowhere near Italy's, not that Italy are fantastic there but they have shown some Tier 1 ability:
some fine display overall against France with two excellent tries, 1 good try in Twickenham (to none), a try against Ireland (though ugly) and then 20 points and 3 tries on Australia, with some good attacking movements against Fiji this month.
Georgia still are heavily limited in that department, albeit an essential one in Rugby or any sport (attack).
In terms of results, though they've been terrible this year, Italy still managed good wins against France, Ireland, pushed the English to the limit on their home soil and came within a point of a fine Scotland team in summer.
Georgia can't do that, not yet. And yes, they would take poundings in the 6N.