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We briefly review the various components and their conceptual status of the full Asymptotic Safety Program which aims at finding a nonperturbative infinite-cutoff limit of a regularized functional integral for a quantum field theory of gravity. It is explained why in the continuum formulation based on the Effective Average Action the key requirement of background independence unavoidably results in a "bi-metric" framework, and recent results on truncated RG flows of bi-metric actions are presented. They suggest that the next generation of truncations that must be explored should be of bi-metric type. As an application, a method of characterizing and counting physical states is shown to arise.