  We discuss the implications of the recent upward revision of the LMC
microlensing rate by the MACHO Collaboration. We conclude: (i) A good case for
the existence of baryonic dark matter in the halo has been made; (ii) The case
for the existence of cold dark matter is unaffected and still compelling; and
(iii) The Galactic halo is still an excellent place to search for cold dark
matter particles (e.g., axions or neutralinos).
