The document discusses the future of ASP.NET 5, formerly known as K. It notes that ASP.NET has a history of issues like being tied to IIS and Visual Studio. ASP.NET 5 aims to address these by being cloud-focused, open source, and decoupled from specific software. Key aspects that were previously called K will be renamed, including the runtime environment dnx replacing kre, and the package manager nuget replacing kpm. The presentation concludes with a demo and Q&A.