Is there any consensus on what happens to Jews and Christians upon death, in Islam?

I've searched and read a fair amount about this on the Internet, and opinions vary heavily. From "Christians and Jews go strait to hell", to "God is all-merciful and looks at the heart". No doubt there is no consensus on that among the Muslim world, but is there a general, widely-held opinion among Islamic scholars and clergy, or any applicable opinions? Otherwise are we all completely in the dark about this?