4-4 point low approach one-space high pincer

One-space high pincer  

This pincer aims at playing next at a.

One-point jump out is usual  

next is normal. Also played are the 3-3 invasion at a, the attachments at b and c, and the double kakaris at d and e.

Joseki  

This is joseki, but White has no reason to be dissatisfied; compared to the catenaccio joseki White has better aji.

Modern  

is often played now immediately after the joseki. Later Black can aim at making a big ko with and .

Charles See ko preparation for some examples of this.

Black intervenes  

Therefore is played in an attempt to force White. If White simply answers at a, Black can go back happily to b.

Shape  

White more often plays the atekomi at here to gain some shape. Black simply connects at , and White takes the corner with . Black's payoff comes with , when White can answer at a as well as the safe b.

Continuation  

Black can cut with but has to return to in gote; so lives in the corner, and a fight has broken out in the centre. Black usually plays . White has some bad shape but also has chance to capture , since Black's forcing moves at a and b to connect it cause shortage of liberties.

Charles Matthews

White 5 connects.  

This seems too good for black, so maybe White doesn't try to connect immediately? Jared

Both overconcentrated, balanced result.  

White won't actually play where you suggested but there, thus cutting black. Continuation at a for black. Leviathan

Something completely different.  

A move at would seem pretty interesting, too. -- anonymous

Something completely different (ii)  

Charles But White gets bad shape: