It is a common view among the leading professionals in microelectronics is that its current explosive development will likely lead to profound paradigm shifts in the near future. Identifying the plausible scenarios for the future evolution of microelectronics presents a tremendous opportunity for constructive action today. The main purpose of our Workshop is to provide forum for a free-spirited exchange of views among the leading professionals in Industry, Academia, and Government. The program included both prepared invited presentations and ad hoc contributions with uninhibited exchange of views and rebuttals. Some of the key luminaries of our profession came to share their opinions and to lead the discussions on where we are going and/or should be going. Balanced representations of advocacy and opposition where intentionally sought.