The document outlines the capabilities of Visual COBOL for Windows and .NET, highlighting its integration with Microsoft Visual Studio and support for both managed and unmanaged COBOL code. It details features such as database support, user interface design, and the ability to work with .NET Framework classes and third-party libraries. There is a strong emphasis on the seamless mixing of traditional COBOL with object-oriented syntax and the diverse range of technologies accessible through Visual COBOL.