The survey below presents a point of view which makes the 3x+1 problem appear as part of a more general class of problems which are equally tantalizing, but about which one can make accurate predictions.
Starting on 31st October 2005, I made yet another attempt to understand parts of George Leigh's paper A Markov process underlying the generalized Syracuse algorithm, Acta Arithmetica 46 (1986) 125-143, as well as G. Venturini's paper Iterates of number-theoretic functions with periodic rational coefficients (generalization of the 3x+1 problem), Stud. Appl. Math. 86 (1992), no.3, 185-218.
Both authors clearly had great insights into the Markov chain aspects of the generalised 3x+1 mapping. Finally (February 2006) I made some progress and put some of my thoughts online.
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Last modified 16th August 2006