This was a talk given at the annual GALA conference in Amsterdam on March 27th 2017. The topic is Neural Machine Translation. Where are we now? Neural Machine Translation is at the peak of a hype cycle. There is no doubt it is an emerging technology with massive potential, but it is not yet a sweeping solution to all ills. Several factors prevent NMT from being commercially ready. Expectations, therefore, need to be managed. That is the goal of this presentation.