We review the theory of epsilon'/epsilon and present an updated
phenomenological analysis using hadronic matrix elements from lattice QCD. The
present status of the computation of epsilon'/epsilon, considering various
approaches to the matrix-element evaluation, is critically discussed.Comment: 22 pages, 2 eps figures, based on the talks given by M.C. at "Les
Rencontres de Physique de la Vallee d'Aoste", La Thuile (Italy), 27
February-4 March 2000 and by G.M. at the "XXXVth Rencontres de Moriond", Les
Arcs 1800 (France), 11-18 March 200