The document discusses features and changes in ASP.NET vNext, the future version of ASP.NET. It describes how vNext uses project.json for dependencies instead of references, allows editing code without recompiling, and merges MVC, Web API and Web Pages into a single framework. It also discusses tools for building, running and deploying vNext applications in Visual Studio 2015 and how the runtime will be more modular and cross-platform compared to previous versions of ASP.NET.