Two decades ago, Sadovskii found an exact solution for a model describing a
pseudogap in electron energy spectrum (introduced by Lee, Rice, and Anders
on). The discovery of a pseudogap in high-T-c superconductors has revived i
nterest in his exact solution. I review the model with the emphasis on phys
ical content, point out an error in the original Sadovskii solution, and ex
plain which problem he actually solved. A recent incorporation of Sadovskii
's ideas into a description of "hot spots" on the Fermi surface in cuprate
superconductors (Schmalian, Pines, and Stojkovic) is briefly discussed. [S0
163-1829(99)01802-0].