The evaluation of the hadronic contribution to the muon magnetic anomaly $a_mu$ is revisited, taking advantage of new experimental data on $e^+e^-$ annihilation into hadrons: SND and CMD-2 for the $pi^+pi^-$ channel, and babar for multihadron final states. Discrepancies are observed between KLOE and CMD-2/SND data, preventing one from averaging all the $e^+e^-$ results. The long-standing disagreement between spectral functions obtained from $tau$ decays and $e^+e^-$ annihilation is still present, and not accounted by isospin-breaking corrections, for which new estimates have been presented. The updated Standard Model value for $a_mu$ based on $e^+e^-$ annihilation data is now reaching a precision better than experiment, and it disagrees with the direct measurement from BNL at the 3.3$sigma$ level, while the $tau$-based estimate is in much better agreement. The $tau$/$e^+e^-$ discrepancy, best revealed when comparing the measured branching fraction for $tau^- to pi^- pi^0 u_tau$ to its prediction from the isospin-breaking-corrected $e^+e^-$ spectral function, remains a serious problem to be understood.
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