Recent advances in improving extractions of |Vcb| and m_b from spectra of
semileptonic inclusive B decay are reported. Results of a general moment
analysis of the lepton energy spectrum and the hadronic invariant mass spectrum
are summarized. The calculation of the general O(\alpha_s) structure functions
for semileptonic B decay is reported, which has allowed the calculation of the
O(\alpha_s Lambda_{QCD} /m_b) terms for the hadronic invariant mass moments to
be carried out. Recent theoretical advances and improvements in experimental
data has allowed extractions of the CKM element |Vcb| to improve to the 2%
level.Comment: 8 pages, 2 figures. Talk given at MRST2004, May 12-14, Concordia,
Montrea