1) The document discusses different scenarios for using storage in Windows Server 2012, including building highly available and reliable storage solutions with cost effective hardware.
2) Key features demonstrated include dynamic memory increase for VMs, network virtualization for multitenancy, storage spaces for storage pooling and redundancy, SMB 3.0 for application storage, and data deduplication for optimization.
3) Windows Server 2012 storage capabilities allow for continuous application availability through features like SMB transparent failover, cluster aware updating, and live storage migration without downtime.