The document discusses 5 new rules for product development: 1) Embrace new technologies like cloud computing, 2) Build globally distributed "glocal" teams, 3) Focus on building platforms rather than single products, 4) Apply agile principles to business operations not just engineering, 5) Prioritize user stories based on their business value and revenue potential not just engineering estimates. The rules are presented as ways for organizations to keep up with rapid technology changes and better align product development with business goals.