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If \\(\\omega(t)=t^\\alpha\\), one obtains the H\u00f6lder space Lip\\(^{(\\alpha)}(M)\\). The main issue of the paper is to study these Banach spaces and their canonical preduals, denoted \\({\\mathcal F}_\\omega(M)\\) or \\({\\mathcal F}^{(\\alpha)}(M)\\), see \\textit{G.~Godefroy, N. J. Kalton}, [Stud.\\ Math.\\ 159, No.1, 121--141 (2003; Zbl 1059.46058)]. For example, it is shown that \\({\\mathcal F}_\\omega(M)\\) has the Schur property whenever \\(\\omega(t)/t\\to \\infty\\) for \\(t\\to 0\\), and for uniformly discrete metric spaces it has the Radon-Nikodym property and the approximation property.  The core of the paper deals with the question, raised in [\\textit{N.~Weaver}, `Lipschitz Algebras', World Scientific (1999; Zbl 0936.46002)], whether the ``little'' Lipschitz space lip\\(^{(\\alpha)}(K)\\) over a compact metric space is necessarily isomorphic to \\(c_0\\). This is known to be true for compact subsets in \\({\\mathbb R}^n\\). The main result says that there are a wealth of counterexamples: If \\(K\\) is a compact convex subset of \\(\\ell_2\\), then lip\\(^{(\\alpha)}(K)\\) is isomorphic to \\(c_0\\) if and only if \\(K\\) is finite-dimensional. The conclusion persists for subsets of Banach spaces with nontrivial type or for subsets of arbitrary Banach spaces if \\(0<\\alpha\\leq 1/2\\); but the author conjectures the theorem to hold also in the remaining range \\(1/2<\\alpha <1\\). On the other hand, he shows that lip\\((K)\\) always embeds almost isomorphically into~\\(c_0\\).  The key to prove these results is to use the natural quotient map \\(\\beta: {\\mathcal F}^{(\\alpha)}(B_X) \\to X\\), which is known to admit a section that is uniformly continuous on \\(B_X\\), and to study the question for which Banach spaces \\(Y\\) there are quotient maps \\(Q:Y\\to X\\) having such sections. Arguments that are local in character are then applied to show for instance that there is no such quotient map from an \\({\\mathcal L}_1\\)-space onto \\(\\ell_2\\). This proves the above assertions on subsets of~\\(\\ell_2\\).  In the other direction, the author shows that a quotient map from \\(Y\\) to \\(Y/E\\) admits uniformly continuous sections on \\(B_{Y/E}\\) if \\(E\\) is superreflexive.  There are numerous further results on the structure of \\({\\mathcal F}^{(\\alpha)}(M)\\) or Lip\\(^{(\\alpha)}(M)\\) in this very interesting 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