The document summarizes the status of HBase and its relationship with HDFS. In the past, HDFS did not prioritize HBase's needs, but reliability, availability, and performance have improved with Hadoop 1.0 and 2.0. Hadoop 2.0 features like HDFS high availability and wire compatibility directly benefit HBase. Further improvements planned for Hadoop 2.x like direct reads and zero-copy support could significantly boost HBase performance. The HBase project is also advancing with new versions focused on features like coprocessors and performance optimizations.