The document summarizes an MSSE capstone project to build a web application for facilitating user participation in the NCAA Brackets Tournament. The project uses ASP.NET for the front end, C# and .NET 2005 for the backend, and SQL Server 2005 for the database. It follows an iterative development approach with versions released in time boxes. Future plans include adding support for other sports, fixing bugs, and implementing additional features like reporting and chat.