ABSTRACT There has been a resurgence of interest in the possibility of processing the US spent nuclear fuel, instead of burying it in a geologic repository. Accordingly, key topical findings from three relevant EPRI evaluations made in the 1990-1995 timeframe are recapped and updated to accommodate a few developments over the subsequent ten years. Views recently expressed by other US entities are discussed. Processing aspects thereby addressed include effects on waste disposal and on geologic repository capacity, impacts on the economics of the nuclear fuel cycle and of the overall nuclear power scenario, alternative dispositions of the plutonium separated by the processing, impacts on the structure of the perceived weapons proliferation risk, and challenges for the immediate future and for the current halfcentury