The document discusses the features and improvements of Hadoop 2.0, particularly focusing on YARN's resource management capabilities and HDFS enhancements for scalability and performance. It highlights issues with earlier versions, such as performance bottlenecks and single points of failure, while presenting future possibilities like global replication management and alternative namespace managers. Additionally, it emphasizes the importance of YARN in supporting various processing models beyond MapReduce and improving resource scheduling and job lifecycle management.