After a brief historical introduction to the physics of diluted magnetic semiconductors (DMSs) I shall describe some aspects of their physics that make the prospective applications in spintronics potentially possible. In particular, I shall mention those properties of bulk crystals, as well as low dimensional structures (quantum wells, nanowires and quantum dots) incorporating various members of the DMS family that focus on  their unique properties that are related to exchange interaction between valence and/or conduction band electrons with localized magnetic moments present in those materials. I will talk about methods of fabrication and growth of these materials. Finally, I will introduce several concepts of useful devices put so far forward and I discuss feasibility of their realization.  

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