Is string theory a theory of quantum gravity?
  Some problems in finding a complete quantum theory incorporating gravity are discussed. One is that of giving a consistent unitary description of high-energy scattering. Another is that of giving a consistent quantum description of cosmology, with appropriate observables. While string theory addresses some problems of quantum gravity, its ability to resolve these remains unclear. Answers may require new mechanisms and constructs, whether within string theory, or in another framework. 
Steven B. Giddings
hep-th gr-qc