I saw a very cool webcast last week about Mendocino (Recorded webcast available as well as the slide deck) . "Mendocino" is a code name for a joint development by Microsoft and SAP. Mendocino will link SAP functionality directly to Microsoft® Office applications. If you want to know more take a look at http://www.microsoft-sap.com/. A preview release will available by the end of the year and beta1 is planned for March 2006.
P.S. The slide deck also showed something called "SharePoint Report Center", I wonder what that is.
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