This third edition of the New Media Consortium's (NMC) annual "Horizon Report" describes the continuing work of the Horizon Project, a research-oriented effort that seeks to identify and describe emerging technologies likely to have a large impact on teaching, learning, or creative expression within higher education. Drawing on ongoing discussions among knowledgeable individuals in business, industry, and education, as well as published resources, current research and practice, and the expertise of the NMC community, the report highlights six technologies that research suggests will become important to higher education within the next one to five years: (1) Social Computing; (2) Personal Broadcasting; (3) Phones in Their Pockets; (4) Educational Gaming; (5) Augmented Reality and Enhanced Visualization; and (6) Context-Aware Environments and Devices. Embedded in the description of each technology is a discussion of its relevance for teaching, learning, and creative expression. Links to example applications are provided in each section, as well as a list of additional readings. [The 2006 Horizon Report is a collaboration between the New Media Consortium (NMC) and the EDUCAUSE Learning Initiative, an EDUCAUSE program. For the 2005 edition, see ED505095.]