This document summarizes the key features and benefits of Microsoft Project Server 2007 compared to the previous version. Some of the main improvements include server-side scheduling for better performance, multiple levels of undo, task driver panes, improved reporting capabilities through integration with SQL Server and SharePoint, and new portfolio management features through integration with Portfolio Server 2007. It also discusses how MS Project Server 2007 has improved integration with other Microsoft systems like Office 2007 as well as potential integrations with third party line of business systems.