Hotter, Denser, Faster, Smaller...and Nearly-Perfect: What's the matter at RHIC?

The experimental and theoretical status of the ``near perfect fluid'' at RHIC is discussed. While the hydrodynamic paradigm for understanding collisions at RHIC is well-established, there remain many important open questions to address in order to understand its relevance and scope. It is also a crucial issue to understand how the early equilibration is achieved, requiring insight into the active degrees of freedom at early times.