The document discusses features of Visual Studio 2008, including LINQ support, Expression Blend integration, improved Windows Presentation Foundation (WPF) support, multi-targeting .NET frameworks, AJAX support for ASP.NET, JavaScript debugging, nested master pages, IntelliSense for LINQ and JavaScript, imports organization, IntelliSense filtering, split view, HTML/JavaScript warnings instead of errors, debugging .NET framework source code, an integrated Silverlight library, and a LINQ designer. Key new capabilities include LINQ, richer WPF functionality, AJAX controls, JavaScript debugging, and improved code editing aids like IntelliSense.