The Kempf-Ness theorem (see e.g. arXiv:0912.1132) - that the algebraic quotient of geometric invariant theory is also a symplectic quotient - suggests (to me) that certain physical constructions used to compute equivariant cohomologies might be useful to Mulmuley et al's geometric complexity theory. Edward Witten is the wellspring of these ideas and his latest paper (arXiv:1009.6032) continues to develop them. My main concern is that they might not carry across to the objects of interest to complexity theory (e.g. the "class varieties" of arXiv:cs/0612134). But the power of the quantum techniques, and the diversity of approaches possible within GCT, leads me to keep looking...
Cross-posted to Math Overflow.
Edit: I have added some details at MO. What I need next is a much better understanding of the specific unproven propositions of algebraic geometry which GCT has already flagged as important. For example, I don't yet get the relationship between, on the one hand, nonstandard quantum groups and the "plethysm problem", and on the other hand, the Valiant-inspired approach which looks at the orbit closure of permanents and determinants.