This document discusses issues and considerations around analyzing metagenomic sequencing data. It notes that 50% or more of sequences from soil metagenomes are unknown and cannot be annotated. While assembly and binning methods exist, they have limitations like dependence on sequencing depth and need for unique bins. The document considers what types of signals or targets could be detected in metagenomic data and discusses tools like MG-RAST for analysis but notes they have limitations and oversimplifications. It suggests future tool development will be challenging and meeting all demands impossible, and that data management may be a bigger challenge than the analysis itself.