Developments in Correlated Fermions

This manuscript is based on the Summary and Overview talk given at the "The International Conference of Strongly Correlated Electronic Systems" (SCES '04), July 26-30, at Karlsruhe, Germany. After highlighting some of the principal new experimental developments in heavy fermions presented at the conference, I turn to two kinds of theoretical questions. (1) What is understood of the fermi-liquid state of the heavy fermions and what is not, but may reasonably well be understood by systematic calculations. (2) The profound issues raised by the observed correlations near the quantum critical points in the heavy fermions. The numbers and letters in the parenthesis in the text refer to the listing of the talks in the "Program and Abstracts" book of the conference.