If you are interested in the ins and outs of the issue from lawyers and economists, and want to get beyond the rhetoric, go to the Becker-Posner blog, run by Nobel Prize winner Gary Becker and jurist extraordinaire Richard Posner. The comments are almost as good as the posts.
I myself am skeptical of a full-scale overhauling of medical malpractice and products liability law, but I think caps on civil jury awards that are still generous (say, $1 million rather than 250K) is only common sense.
Also, I think the infamous McDonald's case was rightly decided. Ooooohhhhh.