Recent experimental observations of CP asymmetry in B --> J/psi + K-0 const
itute the first significant signal of CP-violation outside the neutral kaon
system; thus they represent an important milestone to test the CKM paradig
m. We, therefore, undertake a critical appraisal of the existing experiment
al and theoretical inputs used to deduce constraints on sin 2 beta and othe
r important parameters and thus find, in particular, sin 2 beta > 0.47 at 9
5% CL which is completely compatible with the combined experimental result:
sin2 beta = 0.48 +/- 0.16, representing an important success of the CKM mo
del of CP-violation. Searches for new physics in B decays to J/psi + KO lik
e final states will require improved precision: we make some suggestions to
facilitate these. We also present a global fit including the new CP asymme
try measurements in B --> J/psi + K-0 as an additional input yielding, e.g.
, gamma = (29 degrees --> 67 degrees), (n) over bar = (0.20 --> 0.37), (p)
over bar = (0.08 --> 0.36), J(CP) = (1.8 --> 3.1) x 10(-5) Br(K+ --> pi (+)
nu<(<nu>)over bar>) = (0.52 --> 0.92) x 10(-10), Br(K-L --> pi (0)nu<(<nu>)
over bar>) = (0.11 --> 0.31) x 10(-10) and Deltam(Bs) = (15.2-28.3) ps(-1),
all 95% CL. (C) 2001 Published by Elsevier Science B.V.