Precision determination of |Vub|

The last two years have seen an impressive improvement in the determination of |V-ub|, especially from inclusive decays. The error on |V-ub| measured with inclusive decays was reduced from 18% (PDG 2004) to 8% (PDG 2006). This progress is a result of combined experimental and theoretical efforts. In this talk, the theoretical framework (BLNP) that enabled such progress is reviewed, as well as other approaches to an inclusive determination of (BLNP) that enabled such progress is reviewed, as well as other approaches to an inclusive determination of |V-ub| (DGE, M-X - q(2) etc.). The prospects of improving |V-ub| are discussed, addressing issues of weak annihilation, implications of leptonic B decays, and determination of |V-ub| with exclusive decays.