CP Violation and the CKM Matrix: Assessing the Impact of the Asymmetric B Factories

We update the profile of the CKM matrix. The apex (rhobar,etabar) of the Unitarity Triangle is given by means of a global fit. We propose to include therein sin2alpha from the CP-violating asymmetries in B0->rho+rho-, using isospin to discriminate the penguin contribution. The constraint from epsilon'/epsilon is briefly discussed. We study the impact from the measurement of the rare decay K+->pi+nunu-bar, and from a future observation of KL->pi0nunubar. The B system is investigated in detail, beginning with 2beta+gamma and gamma from B0->D(*)+-pi-+ and B+->D(*)0K+. A significant part of this paper is dedicated to B decays into pipi, Kpi, rhopi and rhorho. Various phenomenological and theoretical approaches are studied. Within QCD Factorization we find a remarkable agreement of the pipi and Kpi data with the other UT constraints. A fit of QCD FA to all pipi and Kpi data leads to precise predictions of the related observables. We analyze separately the B->Kpi decays, and in particular the impact of electroweak penguins in response to recent phenomenological discussions. We find no significant constraint on electroweak nor hadronic parameters. We do not observe any unambiguous sign of New Physics, whereas there is some evidence for potentially large rescattering effects. Finally we use a model-independent description of a large class of New Physics effects in both BBbar mixing and B decays, namely in the b->d and b->s gluonic penguin amplitudes, to perform a new numerical analysis. Significant non-standard corrections cannot be excluded yet, however standard solutions are favored in most cases.