Prospects for in-depth story understanding by computer
  While much research on the hard problem of in-depth story understanding by computer was performed starting in the 1970s, interest shifted in the 1990s to information extraction and word sense disambiguation. Now that a degree of success has been achieved on these easier problems, I propose it is time to return to in-depth story understanding. In this paper I examine the shift away from story understanding, discuss some of the major problems in building a story understanding system, present some possible solutions involving a set of interacting understanding agents, and provide pointers to useful tools and resources for building story understanding systems. 
Erik T. Mueller