This talk is a personal reaction to the Osaka results from the B factories.
I review the ranges of Standard Model parameters currently allowed, with t
he theoretical uncertainties discussed from a skeptical point of view. I co
mment on the improvements expected both from new measurements and from furt
her theoretical work. MS conclusion is that it is unlikely that the measure
ment of sin(2 beta) alone will present a clear challenge to the Standard Mo
del, and that, more likely, continued work on both the experimental and the
oretical fronts will be needed before ne can assess whether there is new ph
ysics required to explain the CP-violating sector of B physics.