  A personal summary of the discussions which took place at the informal
meeting in Amirim, Israel from June 1-4 2000, concerning the dipole picture of
small-$x$ physics is presented. The broad aim of the meeting was to address the
question ``Has HERA reached a new QCD regime (at small $x$) ?''. The new regime
in question is the high-density, but weak-coupling, limit of perturbative QCD.
