The document discusses the concept of Network Function Virtualization (NFV) and emphasizes its dynamism, moving from static appliances to virtual network functions (VNFs) hosted on any open hardware. It identifies key questions regarding dynamic orchestration, deployment scenarios, and the cloud's role in NFV, advocating for open architectures and compatible partners to foster success. Various examples, including the use of VNFs for BGP and virtual CPE, illustrate how NFV can create new revenue opportunities for service providers.