  We classify the extensions of the Standard Model (SM) according to the
structure of local operators in the weak effective Hamiltonian and the presence
or absence of new flavour and CP-violating interactions beyond those
represented by the CKM matrix. In particular we review characteristic
properties of models with minimal flavour violation (MFV), models with
significant contributions from Higgs penguins and models with enhanced Z^0
penguins carrying a large new CP-violating phase. Within the latter models, the
anomalous behaviour of certain B\to\pi K observables implies large departures
from the SM predictions for rare and CP-violating K and B decays. Most
spectacular is the enhancement of Br(K_L->pi^0 nu nubar) by one order of
magnitude and a strong violation of the MFV relation
(\sin2\beta)_{\pi\nu\bar\nu}=(\sin2\beta)_{\psi K_S}. On the other hand our
prediction for (\sin2\beta)_{\phi K_S}\approx 0.9 differs from the Belle result
by the sign but is consistent with the BaBar value. We give a personal shopping
list for the coming years.
