This document summarizes key features coming in the next version of Hyper-V, codenamed "VNext" or V3, which will be included in Windows 8. Some of the major new capabilities highlighted include increased scalability up to 160 processors and 2TB of RAM per host, and 512GB of RAM per virtual machine. Other improvements include enhanced data mobility options using new replication features, support for larger virtual hard disks up to 16TB with more robust formats, support for shared storage over SMB file servers, and quality of service features for managing network bandwidth.