Recognizing the importance of magnetic thin wires for science and technology, the 6th International Workshop on Magnetic Wires was held on 6–7 July 2010, in Bodrum, Turkey. A wide range of topics were addressed from technological problems of micro‐ and nanowire fabrication, to advanced physical effects and novel applications. Furthermore, critical discussions on the present state of knowledge and future trends arose during the Panel Session on microwires. In the present report, the main aspects addressed at the Discussion Panel and at workshop presentations are summarized with the aim to state the present and future perspectives on these wire systems. This report is focused upon four topics chosen for broad discussions at the Panel: Fabrication and processing, Magnetization reversal and Dynamics, High‐frequency properties, and Technological applications.