This document discusses .NET Core, a new open source, cross-platform version of .NET. It is not a new version of the .NET Framework, but rather a fork intended to be modular and optimized for cloud deployments. Key aspects include using NuGet for distribution, targeting multiple platforms like Linux and Mac, and using .NET Standard to define a common set of APIs across platforms. It aims to improve on Portable Class Libraries and make .NET more cross-platform.