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I'm primarily expecting BRICS to play the role of foil to dollar hegemony. Long-term, I don't have any expectation of these countries forming a cohesive or functional union.

Agreed. I see Russia, China and India as enough disruption to the old world. China and India alone that like 35% of the world population. The question is why BRICS wouldn't be a disruption, they certainly are and will change the world as we know it.

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I agree.
I could imagine them functioning for long term if only China wasn't there.

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That's a long-term vs short-term tradeoff. With China, the short-term viability is much greater.

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