The theoretical description of the anomalous properties of the pseudogap phase in the underdoped region of the cuprate phase diagram lags behind the progress in spectroscopic and other experiments. A phenomenological ansatz, based on analogies to the approach to Mott localization at weak coupling in lower dimensional systems, has been proposed by Yang, Rice and Zhang [Phys. Rev. B 73 (2006),174501]. This ansatz has had success in describing a range of experiments. The motivation underlying this ansatz is described and the comparisons to experiment are reviewed. Implications for a more microscopic theory are discussed together with the relation to theories that start directly from microscopic strongly coupled Hamiltonians.

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