A C^1 -Generic dichotomy for diffeomorphisms
  We show that, for every compact n-dimensional manifold, n\geq 1, there is a residual subset of Diff^1(M) of diffeomorphisms for which the homoclinic class of any periodic saddle of f verifies one of the following two possibilities: Either it is contained in the closure of an infinite set of sinks or sources (Newhouse phenomenon), or it presents some weak form of hyperbolicity called dominated splitting (this is a generalization of a bidimensional result of Mane [Ma3}). In particular, we show that any C^1 -robustly transitive diffeomorphism admits a dominated splitting. 
C. Bonatti, L.J. Diaz, and E.R. Pujals