Yii is a high-performance PHP framework designed for developing web 2.0 applications, featuring MVC architecture, caching, and robust security measures. The document outlines various versions of the Yii framework, highlighting new features and enhancements introduced in each release, such as improved model validation, console support, and RESTful URL capabilities. Compared to other PHP frameworks, Yii is noted for its efficiency, feature richness, and clear documentation, emphasizing a solid foundation for serious web application development.