Wired covers the Liquid fluoride thorium reactor.
The thorium energy blog (which is where Kirk Sorenson and the others write and gather for discussion) has some additions.
Fluoride salt is NOT highly corrosive if it's put in the right container material. The high-nickel-alloy Hastelloy-N was proven by Oak Ridge scientists and engineers to be compatible with fluoride salt at the elevated temperatures at which LFTR would operate. Discovering Hastelloy-N and proving it would work was one of their great accomplishments.
Also, LFTR is tightly controlled--but it is predominantly self-controlled.
Sorensen and his pals began delving into this history, they discovered not only an alternative fuel but also the design for the alternative reactor. Using that template, the Energy From Thorium team helped produce a design for a new liquid fluoride thorium reactor, or LFTR (pronounced “lifter”), which, according to estimates by Sorensen and others, would be some 50 percent more efficient than today’s light-water uranium reactors. If the US reactor fleet could be converted to LFTRs overnight, existing thorium reserves would power the US for a thousand years.
Overseas, the nuclear power establishment is getting the message. In France, which already generates more than 75 percent of its electricity from nuclear power, the Laboratoire de Physique Subatomique et de Cosmologie has been building models of variations of Weinberg’s design for molten salt reactors to see if they can be made to work efficiently. The real action, though, is in India and China, both of which need to satisfy an immense and growing demand for electricity. The world’s largest source of thorium, India, doesn’t have any commercial thorium reactors yet. But it has announced plans to increase its nuclear power capacity: Nuclear energy now accounts for 9 percent of India’s total energy; the government expects that by 2050 it will be 25 percent, with thorium generating a large part of that. China plans to build dozens of nuclear reactors in the coming decade, and it hosted a major thorium conference last October. The People’s Republic recently ordered mineral refiners to reserve the thorium they produce so it can be used to generate nuclear power.
You can digg the wired article