  For microquasars, the one time when these systems exhibit steady and powerful
jets is when they are in the hard state. Thus, our understanding of this state
is key to learning about the disk/jet connection. Recent observational and
theoretical results have led to questions about whether we really understand
the physical properties of this state, and even our basic picture of this state
is uncertain. Here, I discuss some of the recent developments and possible
problems with our understanding of this state. Overall, it appears that the
strongest challenge to the standard truncated disk picture is the detection of
broad iron features in the X-ray spectra, and it seems that either there is a
problem with the truncated disk picture or there is a problem with the
relativistic reflection models used to explain the broad iron features.
