There has been rapid progress in inclusive and exclusive b->s l+
l- measurements and the corresponding theory. Recent ideas how to extract
maximal model-independent information about the short-distance physics
will be explained (hep-ph/0612156). I'll also discuss how the
semileptonic B -> X_u l nu shape function enters the inclusive B -> X_s l+
l- measurements in the low q^2 region, and its implications
(hep-ph/0512191).