ROS is an open-source, meta-operating system for robots that provides services like hardware abstraction, device control, message passing, and package management. It has tools and libraries for building, writing, and running code across multiple computers. ROS uses a publish-subscribe model with message-passing between processes. Key aspects of ROS include its plumbing for messaging, extensive tools, capabilities through libraries, and large ecosystem/community. The ROS equation can be defined as: ROS = Robots + Operating System + Software + Community.