My view? O.k. I'll bite (though I would normally consider it polite for the tread starter to post his views before asking for others).
Real nanotech (machinery on the molecular scale, not merely really small particles) will revolutionize every aspect of our material lives. If you're worried about they grey goo scenario then keep in mind that the best defense is a good understanding of what is happening. The only defense against grey goo is your own nanotech. If you don't understand it then you're dead.
Otherwise, imagine every individual having the (non-polluting) industrail capacity of a small third world country. Imagine having total control of the form your body takes. Pretty much imagine something matter based and it's possible.
'Course the downside is that, like in all revolutions, the status quo will shift and there will be some who won't like the change from being a big fish in a small pond to being a small fish in an increasingly larger pond. ther'll be social upheaval at the beginning as factory manufacturing, construction, and other jobs like that are automated but that's pretty much unavoidable. Its what has happened at every major technological shift throughout history. I don't know how many of you would like to go back to a pre-industrial tech base - short lifespans, backbreaking labor, no t.v. or women's suffrage (hmm, maybe not too bad of an idea after all).