I haven't heard any news recently about inertial electrostatic (confinement) fusion, so I was pleased to read a note (on the Google Research blog of all places) mentioning Robert Bussard (former Asst. Director of the AEC) talking about inertial electrostatic fusion. Apparently it's a video - I hate video. I'd rather read about it, but this should be good. I tried to get some information from EMC2 (Bussard's company) a while back, but they didn't answer emails. Hopefully this video will give some interesting info on what they've been doing.
Wow - this is very very cool. Bussard has been working for over ten years on Navy contract to research and build a spherically confined fusion reaction - and they've done it. The funding from the Navy dried up, his company has the patent and now the next step is to get funding to build a full scale prototype. After that - cheap and limitless energy for the world. Wow.