The document outlines the key features and enhancements of ASP.NET MVC 4, including the introduction of ASP.NET Web API for building HTTP services, improved project templates, and functionalities like mobile templates and bundling and minification. It covers various aspects such as controllers, views, models, and security, emphasizing conventions in MVC structure and the transition to open source projects. Additionally, it describes the application structure, how to create controllers and views, and the importance of strong typing in MVC applications.