We review the application and successes of a phase-space coalescence plus fragmentation model that has been applied for hadronization at RHIC. The physical concept is discussed together with the practical implementation. The robustness of main predictions is reviewed together with several open issues like relevance of three dimensional calculation, finite width of the wave functions, effects of quark masses, energy-entropy conservation, space-momentum correlation. Eventually the relevance of coalescence also for the study of the microscopic interaction of heavy quarks is highlighted.