I give an overview of the theory of hadronic nonleptonic B decays into two
light mesons. Using the soft-collinear effective theory (SCET), a factorization
theorem for these processes has been proven to leading order in 1/mb. The
phenomenological implications of this factorization relation for B-> \pi\pi
decays are discussed, together with the prospects for determining the weak
phase \alpha(\phi_2) from these modes.Comment: Contribution to the 3rd Conference on Flavor Physics and CP Violation
(FPCP04), Daegu, Korea; 9 pages, 2 figure