First one must mention the beautiful paper of Impagliazzo, Kabanets and Wigderson that show that NEXP in P/poly if and only if NEXP equals MA.
NEXP not in P/poly should be much easier to prove than NP not in P/poly, as NEXP is a much larger class than NP. Also NEXP not in P/poly is just below the limit of what we can prove. We know that MAEXP, the exponential time version of MA, is not contained in P/poly. MAEXP sits just above NEXP and under some reasonable derandomization assumptions, MAEXP = NEXP.
There is also the issue of uniformity. If one can use the nondeterminism to reduce the advice just a little bit than one could then diagonalize against the P/poly machine. Also if one could slightly derandomize MA machines than one could diagonalize NEXP from MA and thus from P/poly.
Still the problem remains difficult. BPP is contained in P/poly and we don't even know whether BPP is different than NEXP. Virtually any weak unconditional derandomization of BPP would separate it from NEXP but so far we seem stuck.
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