A psychological reaction to being confined in a relatively small area.
This is a very real psychological danger for some individuals during the MRI procedure. A small percentage of patients is claustrophobic and cannot tolerate the confined space within a closed MRI magnet. Claustrophobia, panic attacks and other psychological stress situations have been reported in about 1-4% of cases as a reason to interrupt the MRI examination. Principally short and wide open MRI devices are advantageous because the percentage of claustrophobic incidents drops significantly.
Detailed explanation of the MRI procedure, careful attention and special equipment (mirrors to look outside the machine, emergency bells) help to reduce claustrophobia significantly. The majority of claustrophobic patients will be sufficiently relaxed with orally or intravenous sedatives.

See also Open MRI.

Advantages of low field imaging are the small-sized 5 Gauss fringe field and therefore the less static magnetic field exposure for the surrounding area, as well as less contraindications causing lower risks for the MRI safety by implemented metal and magnetic devices and equipment.
Low field systems are sometimes for restricted use, e.g. dedicated extremity scanner or open MRI devices. Open MRI devices equipped with permanent magnets are well-suited for MR guided interventions because these machines combine the lower magnetic fields of this type of magnets and the better patient access of open MRI scanner.
In some cases, the contrast of different tissues is better at lower field strength, depending on their T1 or T2 relaxation times. The disadvantage of the lower signal to noise ratio are a poor resolution and a longer scan time for a good image quality.

See also Claustrophobia, Contraindications and MRI Safety.

See also the related poll result: 'In 2010 your scanner will probably work with a field strength of'

Magnetic shielding through the use of high permeability material. The iron provides a return path for the stray field lines of magnetic flux and so significantly decreases the flux away from the magnet.
Passive shielding (see also Faraday cage) significantly eases the problems of siting a MR imager in a confined space. Ferromagnetic objects are less prone to being attracted to the magnet, ancillary electronic equipment, credit cards and computer disks can be brought closer to the magnet and the MRI safety limit for pacemaker wearers (the 5 gauss line = 0.5 mT) is reduced from, typically, 10 m to 2 m from the magnet. A passive shield for a whole-body MRI magnet weights many tons. An alternative method of controlling stray field is active shielding.

See also Active Shielding, Magnetic Shielding, Self Shielding and Room Shielding.