tim9000 Re: discovering the graviton... we discovered gravitational waves (classically and just barely) which is a far cry from observing quantized gravitational interactions. I doubt we would ever have the means to do so directly... we'd have to come up with some indirect evidence like how energy loss in orbital systems indicates radiation of gravity waves classically. Consider how far we would be from discovering the photo-electric effect if we just barely could detect AM radio waves (and didn't have eyes to even know light existed other than theoretically as very high freq radio.)
MacRudi, careful there buddy, just because we can model something in extra dimensions doesn't mean those dimensions are real. Also its not about "gravitons producing space-time" which is not very sensible as a statement. Production of anything is implicitly a temporal process happening within some space-time structure.
I fear you misunderstand what a graviton is as a concept. A graviton is the hypothetical quantized gravitational interaction so it would be e.g. quantized gravity waves. We do not construct our models of space-time out of a superposition of gravitational waves and thus can't even speak of modeling space-time itself using gravitons. (For one thing the math is terribly non-linear.) You are correct (and in agreement with most experts) in that a new paradigm is needed.
Also be aware that the concept of gravity as space-time curvature is itself a model... indistinguishable, due to the equivalence principle, from a proper force. The EP says we *can* model gravity as curved space-time. The proper geometry is therefore unobservable (unless we accept as a gauge condition that there are no "extra" gravitational fields). I appreciate your enthusiasm for string/brane "theory" but it is very premature to argue which approach will work. History is full of silly predictions of that type. However let me argue the contrary to your position. The principle failure of field theory to describe gravitation was irreconcilable divergences (non-renormalizable). This is a problem of over counting not under counting. Introduction of more dimensions may make the renormalization achievable but it is aggravating the problem by introducing more unobservable structure. One is inventing infinities to cancel infinities. The base issue is the divergences themselves which really need to be addressed directly rather than renormalized away. The issue resides in the foundation of field theory which itself needs modification. Its like adding on to a house to compensate for a flaw in the foundation, things will still be a bit off square.
Now string/brane theories are not properly field theories (quite) and so may potentially be able to circumvent the flaws but heuristically I believe they move in the wrong direction. (Less not more). I personally believe we need to step away from treating space-time as physical. In spite of beauty of the geometric model of Einstein's general relativity one must keep firmly in mind that "It's only a model."(like Camelot :D ).
Of course if I had more answers to these issues I would be working in far higher position then I currently hold.