  We discuss the compactification of type IIB supergravity with fluxes to
generate a potential for the moduli. In particular we resolve an apparent
conflict with the no-go theorem for de Sitter space. It is shown that a
positive potential for certain moduli is possible in situations where the
volume modulus has no critical point. We also point out that the derivation of
the potential is strictly valid only for a trivial warp factor. To go beyond
that seems to require the inclusion of all the Kaluza-Klein excitations. We end
with a discussion of the stabilization of the volume modulus.
