Unitary systems and wavelet sets

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We give a detailed description of the local commutant approach to wavelet theory using operator algebraic methods. We include a new result on interpolation pairs of wavelet sets: Every pair in the generalized Journe family of wavelet sets is an interpolation pair. In the last section, we give a discussion of several open problems on wavelets and frame-wavelets.
This is a semi-expository article which was written by the author for the proceedings of the 4th International Conference on Wavelet Analysis and its Applications, Macau, China, December 2005 [WAA2005], as a keynote speaker; 30p

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