Following some political manoeuvring, a new debate on the future of nuclear deterrence is about to resurface. And a first deadline has been set by the need to restore the strategic balance between the United States and Russia before the START Treaty ends on 5 December 2009, as well as by preparation for the next NPT Review Conference. Perception of the main threat has changed, but so have concepts of deterrence. Far from outmoded, deterrence forms part of a broader vision in which realism has the edge over idealism.