The Present Article Is an Attempt to Reflect on New Openings and Recent Developments In Literature, Literary Theory and Culture Which Seem to Point Postmodernism and Raise a Question Whether What Appears As Newness Is Not Rather a Return to Traditional Concepts, Theoretical Premises and Authorial Practices. Postmodern Literature Is Marked With Such Typical Features As Playfulness, Pastiche or Hybridity of Genres, Meta-Fiction, Hyper-Reality, Fragmentation, and Non-Linear Narrative. Narrative Was Reduced (In “Ulysses “And In the French Nouveau Roman). Tendencies Have Crystallized to Shape New Genres. One Broad Grouping Is the Meta-Fiction, or the Novel That Exposes Conventions Only to Discard, Perhaps By the Use of an Obviously Naïve Narrator.