SUNRISE is an international project for the development, construction, and operation of a balloon-borne solar telescope with an aperture of 1 m, working in the UV/VIS spectral domain. The main scientific goal of SUNRISE is to understand the structure and dynamics of the magnetic field in the atmosphere of the Sun. SUNRISE will provide near diffraction-limited images of the photosphere and chromosphere with an unpredecented resolution down to 35 km on the solar surface at wavelengths around 220 nm. The focal-plane instrumentation consists of a polarization sensitive spectrograph, a Fabry-Perot filter magnetograph, and a phase-diverse filter imager working in the near UV. The first stratospheric long-duration balloon flight of SUNRISE is planned in Summer 2009 from the swedish ESRANGE station. SUNRISE is a joint project of the german Max-Planck-Institut fur Sonnensystemforschung (MPS), Katlenburg-Lindau, with the Kiepenheuer-Institut fur Sonnenphysik (KIS), Freiburg, Germany, the High-Altitude Observatory (HAO), Boulder, USA, the Lockheed-Martin Solar and Astrophysics Lab. (LMSAL), Palo Alto, USA, and the spanish IMaX consortium. In this paper we will present an actual update on the mission and give a brief description of its scientific and technological aspects.