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Microsoft Application Virtualization is also called App-V. It stream applications from a server to the PC. Even though Microsoft has just released version 4.5 of App-V, you can be sure that they will be hyping this product in their upcoming Get Virtual Now event.
The strange thing about this product is that it is not offered as a stand alone product. When I heard that, I was disappointed. I guess Microsoft is using this as a way to sell bundles to big customers.