Boron in MgB2 forms stacks of honeycomb layers with magnesium as a space fi
ller. Band structure calculations indicate that Mg is substantially ionized
, and the bands at the Fermi level derive mainly from B orbitals. Strong bo
nding with an ionic component and considerable metallic density of states y
ield a sizable electron-phonon coupling. Together with high phonon frequenc
ies, which we estimate via zone-center frozen phonon calculations to be bet
ween 300 and 700 cm(-1), this produces a high critical temperature, consist
ent with recent experiments. Thus MgB2 can be viewed as an analog of the lo
ng sought, but still hypothetical, superconducting metallic hydrogen.