The document summarizes key observations and themes from the 2012 Consumer Electronics Show (CES) conference, including that software is becoming a key differentiator, user experience is important, and tablets are aiming at business users. It also notes Microsoft's reduced presence at the show and increased focus on an integrated experience across its products, as well as growth in areas like ultrabooks, touch displays, smart TVs, phones, health/fitness tech, and opportunities for app developers.