Abstract
This report summarizes the most important results presented at the recent conference held at the Yukawa Institute of Theoretical Physics in Kyoto, devoted to the recently confirmed light σ, resonance. Remarkably, all speakers at this meeting took the light σ for granted and many mass and width estimations near 500 MeV were presented. We emphasize that if the light and broad σ is accepted as a true resonance it explains many basic problems of low energy hadronic physics in a simple way, especially if the linear sigma model (LσM) is used as an approximate effective low energy theory.
