The cluster of galaxies 1E0657-56 has been the subject of intense ongoing research in the last few years. This system is remarkably well-suited to addressing outstanding issues in both cosmology and fundamental physics. It is one of the hottest and most luminous X-ray clusters known and is unique in being a major supersonic cluster merger occurring nearly in the plane of the sky, earning it the nickname "the Bullet Cluster". In this talk I will present our measurements of the composition of this system, show the evidence for existence of dark matter, and describe limits that can be placed on the intrinsic properties of dark matter particles. In addition, I will explain how this cluster offers a serious challenge to MOdified Newtonian Dynamics (MOND) theories. Finally I will conclude with outlining the plans on using the bullet cluster as cosmic telescope to explore the Universe in its infancy.