The document details the features and upgrades of VMware's vSphere 5, focusing on its capabilities for virtualization, cloud infrastructure, and enterprise applications. It highlights significant advancements like a new vCenter server, enhanced storage management with Storage DRS, and improved VM performance through features like multi-nic support for vMotion. The document emphasizes the transition to a fully virtualized environment, improved infrastructure efficiency, and the integration of various IT resources to support a mobile and secure workforce.