Transiting exoplanets afford the opportunity to study their atmospheres without the need to spatially separate the light from the planet from that of the star. By carefully examining the modulation of the combined light from the planet and star during key phases of the known orbit, astronomers have taken a first glimpse into the chemistry, structure, and dynamics of the atmospheres of hot Jupiters. Current rapid progress is driven by the Spitzer Space Telescope, which has yielded broadband photometry and, most recently, spectra of these puzzling worlds. I will review the results obtained during the past year, and look ahead to how these very same techniques might permit a study of the atmospheres of terrestrial planets in the habitable zones of low-mass stars.