The recent discovery that the close-in extrasolar giant planet HD 209458b t
ransits its star has provided a first-of-its-kind measurement of the planet
's radius and mass. In addition, there is a provocative defection of the li
ght reflected off of the giant planet tau Bootis b. Including the effects o
f stellar irradiation, we estimate the general behavior of radius/age traje
ctories for such planets and interpret the large measured radii of HD 20945
8b and tau Boo b in that context. We find that HD 209458b must be a hydroge
n-rich gas giant. Furthermore, the large radius of a close-in gas giant is
not due to the thermal expansion of its atmosphere but to the high residual
entropy that remains throughout its bulk by dint of its early proximity to
a luminous primary. The large stellar flux does not inflate the planet but
retards its otherwise inexorable contraction from a more extended configur
ation at birth. This implies either that such a planet was formed near its
current orbital distance or that it migrated in from larger distances (grea
ter than or equal to 0.5 AU), no later than a few times 10(7) yr of birth.