Van, you might want to read what David Gross had to say recently. He is the one who always seems to be chosen to sum things up at the big Strings conferences. Gave the closing summary talk at the 2007 and 2008, and this time the opening lecture at Strings 2009.
I'll give some sample excerpts and a link to the whole PDF slide set.
==sample excerpts from David Gross Strings 2009 slides==
"4. What is the nature of string perturbation theory?
Our present understanding of string theory has
been restricted to perturbative treatments. Does
this perturbation theory converge? Most likely it
does not. In that case when does it give a reliable
asympototic expansion of physical quantities? How
can one go beyond perturbation theory and what is
the nature of nonperturbative string dynamics?
This question is particularly difficult since we
currently lack a useful nonperturbative formulation
of the theory. "
"5. String Phenomenology?
Here there are many questions that can all be
summarized by asking whether one can construct a
totally realistic four-dimensional model which is
consistent with string theory and agrees with
observation?
Great progress, but still not constructed."
"8. Is There a Measurable, Qualitatively Distinctive
Prediction of String Theory?
... It would be nice to predict
a phenomenon, which would be accessible at
observable energies and is uniquely
characteristic of string theory."
"How many more string revolutions
are required?
What is the fundamental
formulation of string theory?
Quantum Space of all 2-d field theories
Second Quantized Functionals of loops (SFT)
M-theory . . .
Is string theory a framework, not a theory?
What is missing?"
===end of sample excerpts===
http://strings2009.roma2.infn.it/talks/Gross_Strings09.pdf