Area studies in the United States is under siege. Government and foundations are turning their attention and funds elsewhere. Although they operate from very diffrent quarters, critics are taking area studies harshly to task for both alleged errors of commission and omission. Yet mine is an optimistic message. These difficulties must be seen within the context of a change in the demographic composition of graduate studies in the U.S. An infusion of intellectual energy from foreign graduate students and post-docs is leading to a reinvention of traditional area studies as global networks of scholarly engagement. Over the longer term these networks, and the scholarship they will create and sustain, bode well for the continued intellectual vitality of this field of scholarship.