In this paper, we discuss multi-gigabits per second wireless networks in the 60GHz millimeter wave frequency band. Despite the large unlicensed bandwidth offered by the 60GHz frequency band, severe technical challenges exist towards making multi-Gbps a reality. We discuss the challenges in three different layers: PHY, MAC and the application layers. We also discuss some important technologies in overcoming these challenges, including antenna array beamforming, baseband modulation, data aggregation. The worldwide 60GHz regulatory and the ongoing standardization efforts are reviewed as well.