Although finite state transducers are very natural and simple devices, surprisingly little is known about the transducibility relation they induce on streams (infinite words). We collect some intriguing problems that have been unsolved since several years. The transducibility relation arising from finite state transduction induces a partial order of stream degrees, which we call Transducer degrees, analogous to the well-known Turing degrees or degrees of unsolvability. We show that there are pairs of degrees without supremum and without infimum. The former result is somewhat surprising since every finite set of degrees has a supremum if we strengthen the machine model to Turing machines, but also if we weaken it to Mealy machines.