Art, I had never heard of the Omega point untill you mentioned it. There is a reasonable explaination in the following link.
http://www.aleph.se/Trans/Global/Omega/tiplerian.html
I find Tippler's theory that life will eventually survive even the collapsing universe encouraging.
Quote:
The Singularity, the Omega Point
While the universe collapses into a true singularity within a finite time, life squeezes the last drops of energy from it to develop faster than the collapse, and experience an infinite subjective time before the singularity; life will become immortal in its own perspective. An infinite amount of information is stored and processed, life evolves to its conclusion (which Tipler thinks is a single godlike being, Omega) and the universe becomes a single point, the Omega Point.
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