New Ideas in the Theory of Extrasolar Giant Planets and Brown Dwarfs
  We summarize and extend recent work on the theory of extrasolar giant planets (EGPs) and brown dwarfs, paying particular attention to Gliese 229 B, the albedos of EGPs, the compositions of substellar atmospheres, the connections with the giant planets in the solar system, cloud physics, and non-gray spectral synthesis. The role of condensates in altering the optical spectrum of Gliese 229 B is explored, as are the systematics of the reflection spectra from extrasolar giant planets near their primaries. In addition, we discuss the role of convection and disequilibrium chemistry in explaining the anomalous detection of CO in Gliese 229 B. Throughout, we highlight the distinctive chemistry that defines this new class of objects and set goals for future study. 
Adam Burrows, W.B. Hubbard, J.I. Lunine, M. Marley, and D. Saumon