This is an announcement for the paper "On the nontrivial projection problem" by Stanislaw J. Szarek and Nicole Tomczak-Jaegermann. Abstract: The Nontrivial Projection Problem asks whether every finite-dimensional normed space of dimension greater than one admits a well-bounded projection of non-trivial rank and corank or, equivalently, whether every centrally symmetric convex body (of arbitrary dimension greater than one) is approximately affinely equivalent to a direct product of two bodies of non-trivial dimension. We show that this is true "up to a logarithmic factor." Archive classification: math.FA Mathematics Subject Classification: 46B20, secondary 46B07, 52A21 Remarks: 17 pages The source file(s), NPPforArxiv.tex: 46100 bytes, is(are) stored in gzipped form as 0805.3792.gz with size 17kb. The corresponding postcript file has gzipped size 126kb. Submitted from: szarek@cwru.edu The paper may be downloaded from the archive by web browser from URL http://front.math.ucdavis.edu/0805.3792 or http://arXiv.org/abs/0805.3792 or by email in unzipped form by transmitting an empty message with subject line uget 0805.3792 or in gzipped form by using subject line get 0805.3792 to: math@arXiv.org.