After a sustained period of relative calm, initial teacher education and training (ITET) in Wales has seen much change in recent times since devolution and all the indications are that this change agenda is likely to escalate in both the short and long term. In order to understand what has been happening in the ITET field in Wales, our paper sets out to achieve three things: first, it has contextualised the changing ITET, political, social and economic climate within Wales. Second, it has presented ITET data for Wales from the onset of devolution to the present time. Thereafter, these data have been compared and contrasted. Third, we have attempted to project our findings forward, albeit in an era which is increasingly difficult to predict given both the financial climate and "cuts" agenda. These latter aspects may result in the longer term, at best, to ITET in Wales becoming even further fragmented or reduced in numbers to, at worst, being decimated or changed forever from the more traditional scene which was apparent in both Wales and the rest of the UK since the Robbins Report aftermath in the late 1960s. (Contains 1 note and 9 tables.)