  The hot Local Bubble surrounding the solar neighborhood has been primarily
studied through observations of its soft X-ray emission. The measurements were
obtained by attributing all of the observed local soft X-rays to the bubble.
However, mounting evidence shows that the heliosphere also produces diffuse
X-rays. The source is solar wind ions that have received an electron from
another atom. The presence of this alternate explanation for locally produced
diffuse X-rays calls into question the existence and character of the Local
Bubble. This article addresses these questions. It reviews the literature on
solar wind charge exchange (SWCX) X-ray production, finding that SWCX accounts
for roughly half of the observed local 1/4 keV X-rays found at low latitudes.
This article also makes predictions for the heliospheric O VI column density
and intensity, finding them to be smaller than the observational error bars.
Evidence for the continued belief that the Local Bubble contains hot gas
includes the remaining local 1/4 keV intensity, the observed local O VI column
density, and the need to fill the local region with some sort of plasma. If the
true Local Bubble is half as bright as previously thought, then its electron
density and thermal pressure are 1/square-root(2) as great as previously
thought, and its energy requirements and emission measure are 1/2 as great as
previously thought. These adjustments can be accommodated easily, and, in fact,
bring the Local Bubble's pressure more in line with that of the adjacent
material. Suggestions for future work are made.
