Angular is a platform for building mobile and desktop web applications. It is no longer just a framework. Angular 2 offers improvements such as faster performance, modularity, support for modern browsers, and reactive programming using RxJS. Key parts of Angular include templates, directives, data binding, components, services, modules, and dependency injection. Features like Ahead-of-Time compilation and services improve app performance and reusability. TypeScript adds benefits like static typing and class-based programming.