These contributions by recognized authorities originate from a Royal Society discussion meeting held to review the most recent results obtained from the current generation of X-ray telescope research. The launch of Chandra and XMM-Newton has revolutionized research in X-ray astronomy over the past few years, and high quality X-ray observations now being made have had a major impact on topics ranging from protostars to cosmology. This book is a valuable reference for research astronomers and graduate students.

Previous observations of the luminous Seyfert 1 galaxy 1H 0419-577 have found its X-ray spectrum to range from that of a typical Seyfert 1 with 2-10 keV power law index Gamma approx. 1.9 to a much flatter power law of Gamma approx. 1.5 or less. We report here a new XMM-Newton observation which allows the low state spectrum to be studied in much greater detail than hitherto. We find a very hard spectrum (Gamma approx. 1.0), which exhibits broad features that can be modelled myth the addition of an extreme relativistic Fe K emission line or with partial covering of the underlying continuum by a substantial column density of near-neutral gas. Both the EPIC and RGS data show evidence for strong line emission of OVII and OVIII requiring an extended region of low density photoionised gas in 1H 0419-577. Comparison with an earlier XMM-Newton observation when 1H 0419-577 was 'X-ray bright' indicates the dominant spectral variability occurs via a steep power law component.