My favourite is Oda's Strong Factorization Conjecture:
Can a proper, birational map between smooth toric varieties be factored as a composition of a sequence of smooth toric blow-ups followed by a sequence smooth toric blow-downs?
Note that if you are allowed to intermingle the blow-ups and blow-downs (the weak version) it has been proved. In fact, it was proved for general varieties in characteristic 0 using the toric case:
Torification and Factorization of Birational Maps. Abramovich, Karu, Matsuki, Wlodarczyk.
A conjectural algorithm for computing toric strong factorizations can be found in the following arXiv article:
On Oda's Strong Factorization Conjecture. Da Silva, Karu.
Conjecture Every ample divisor on a smooth toric variety is very ample and induces a projectively normal embedding.
Is that right?
– Karl Schwede Oct 28 '10 at 04:04Apologies to Efimov if I read him incorrectly.
– Chris Brav Oct 28 '10 at 07:59question'' rather thanconjecture'' as it doesn't seem like all experts believe it.) – Arend Bayer Oct 28 '10 at 12:34@AByer: both statements would follow from the existence of a diagonal Frobenius splitting of the toric variety in question (at least in positive characteristic, and maybe in characteristic 0 using the "toric" Frobenius morphism). Are there counterexamples to this?
– Piotr Achinger Oct 28 '10 at 14:50