Summary:
ÿ XMM spectra consistent with obscuration model by a precessing disk

ÿ  Low State identified with illuminated accretion disk atmosphere and hot corona from high resolution spectroscopy.

ÿ Detection of a Fe line at 7 keV during the low state: signature of the hottest layers of the corona

ÿ RGS: narrow line emission during the low state. Photo ionized layers above the disk

ÿ 35 d variability of the ~6.4 keV Fe line. Emitting regions probably different during low and high state.

ÿ UV modulation along the orbital period in both OM filters.

ÿ Before the ALS: spin-down and change in the hard/soft phase shift Þ was the inner disk changing?

ÿ Spectra taken during the ALS remarkably similar to those taken during the standard low state