  MAGIC, 17 meters of diameter, is the world's largest single dish Imaging
Atmospheric Cherenkov Telescope, and reaches in the analysis the lowest energy
threshold (60 GeV) among the VHE gamma detectors. Completed in September 2004,
MAGIC started full operation with its first cycle of data taking in February
2005. MAGIC observations in the galaxy cover, among others, supernova remnants,
the Galactic Center and binary systems. The low threshold makes of MAGIC the
IACT looking deepest in the Universe: the record of extragalactic sources
detected includes Active Galactic Nuclei (AGN) at z > 0.2. Here we discuss the
present performance of MAGIC and the policy for the use of MAGIC data in
multiwavelength campaigns. After a review of some recent highlights from MW
studies, including the discovery of the most distant source ever detected (the
AGN 3C279 at z = 0.54), we present the expected performance of MAGIC after the
inauguration of the second telescope, scheduled for September 21st, 2008.
Multiwavelength studies are a key for the study of emission mechanisms from
galactic and extragalactic sources, and Very-High Energy photon detectors are
becoming crucial as the GLAST era approaches.
