The document discusses the Portable Class Library (PCL) feature in Visual Studio 2012, which allows developers to write managed assemblies that can be used across multiple .NET platforms without recompilation. It introduces PCLs and how they work, covering topics like profiles, extension SDKs, and how core features like MVVM and ICommand are supported across platforms. The document provides strategies for porting existing code to PCLs and building new applications, demonstrating a sample PCL project targeting both Windows Store and WPF apps.