A number of advances in plasma physics and engineering promise to greatly improve the reactor prospects of tokamaks. The following features, in particular, have been examined: (a) large aspect ratio (A ≈ 6), which may ease maintenance; (b) high beta (β ≳ 0.20) without indentation, which brings the maximum toroidal field down to about 7 T; (c) low toroidal current (I ≈ 5MA), which reduces the cost of the current drive and equilibrium field system; and (d) steady state operation with current density control via fast and slow wave current drive. The key to high beta operation with low toroidal current lies in utilizing second stability regime equilibria with the required current distributions produced by an appropriate selection of wave driver frequencies and power spectra. The ray tracing and current drive calculation is self-consistent with the actual magnetic fields produced in the plasma. In addition to matching desirable high-beta equilibria, this method is capable of producing a large variety of new equilibria, many of which look attractive. The impurity control activities in TPSS have emphasized the self-pumping concept as applied to using the entire first wall or “slot” limiters. The blanket design effort has emphasized liquid metal and Flibe concepts. The reference concept is a liquid lithium/vanadium, self-cooled configuration. Overall, there exists a number of major design improvements which will substantially improve the attractiveness of tokamak reactors.