Grid Computing is the next big thing; at least according to many articles in recent newspapers and magazines, and in the opinion of the IT vendor community. In this presentation, we will briefly introduce the concept of Grid Computing, analyze the current status of grid technology and implementation, and what's real and what's hype. We will then present MCNC's grid strategy, the NC Statewide Grid, MCNC's grid computing and networking services and projects, and conclude with an outlook into the future.