In the large field of nanotechnology, polymer matrix based nanocomposites have become a prominent area of current research and development. Exfoliated clay-based nanocomposites have dominated the polymer literature but there are a large number of other significant areas of current and emerging interest. This review will detail the technology involved with exfoliated clay-based nanocomposites and also include other important areas including barrier properties, flammability resistance, biomedical applications, electrical/electronic/optoelectronic applications and fuel cell interests. The important question of the “nano-effect” of nanoparticle or fiber inclusion relative to their larger scale counterparts is addressed relative to crystallization and glass transition behavior. Of course, other polymer (and composite)-based properties derive benefits from nanoscale filler or fiber addition and these are addressed.