The document discusses the history and future of ASP.NET, including ASP.NET 5 which will be the next version. ASP.NET 5 will be cloud-optimized to run on Windows, Linux and Mac OS X. It will feature faster performance, modularity through packages, and be fully open source. Key aspects are a cloud-ready configuration, ability to self-host, simplified dependency management, and a single web stack for both web APIs and user interfaces.