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The article discusses the U. S. role in cross-strait relations before and after the political power transition in Taiwan during 2008. It explores the question of whether a new dynamic is shaping the Beijing-Taipei-Washington trilateral relations with the significant relaxation of cross-strait relations, and how that affects Washington's ability to influence the direction of cross-strait relations in the future. More specifically the paper analyzes the role the United States played in shaping the new reality in the Taiwan Straits, and the evolving thinking on Taiwan in American strategic and political circles. It will also discuss how Washington has managed the cross-strait relations so far as well as how Beijing and Taipei have handled the American factor on some sensitive issues. Finally it will look at the potential benefits and limitations that the United States could contribute to achieving a higher level of reconciliation and integration between the two sides across the Taiwan Straits. [ABSTRACT FROM AUTHOR]