According to the manufacturer, the key features are:

Music Features:

• Enjoy up to 50 hours of music on a DVD with on-screen menus for navigating to your favorite artist, album and genre with Dolby® Digital sound.
• Use audio fingerprinting to automatically add title, artist and genre tags to audio tracks including those captured from LP, tape or Internet radio.
• Select dozens of your favorite songs and automatically span compilations across multiple audio CDs.
• Extract the audio tracks from live concert DVDs * and create personalized audio CDs or MP3s.
* Does not copy encrypted or copy-protected discs

Photo Features:

• Create elegant and high quality multi-image photo slideshows on HD or DVD.
• Use LiveShare to easily share your photos using peer-to-peer technology. Say goodbye to large email attachments.
• Use Smart Views to organize photos by date, last import or most recently used.
• Easily access media files across all home PCs and playback from UPnP compliant living room devices.
• Greeting Card, Calendar and Collage Assistants make it easy to be creative with your photos.

Video Features:

• Burn your TiVo shows to DVD and watch them anywhere. (Only available in North America.)
• Create 16:9 DVD video productions and photo slideshows for playback on your widescreen TV.
• Capture, import and edit High-Definition (HD) video files.
• Create DivX HD discs, to watch on HDTV (requires DivX HD compliant DVD player).
• Full creative control over DVD menu options including buttons, menus, backgrounds, audio and text.

Backup/Copy Features:

• Create compilation DVDs from DVD-Video, DivX and WMV files.
• Copy DVD movies to DivX or WMV files and compress to CD or memory card size for mobile device playback.
• Create DivX 6 movies with fully navigable menus.
• Make perfect copies of DVD+VR and DVD-VR discs from set top DVD recorders.
• Backup your digital media and other critical files automatically or manually.

DVD/CD Features:

• Save time burning. Burn multi-disc projects to multiple burners at the same time.
• Easily burn and copy audio, data, photo and video CDs and DVDs including double layer DVDs.

The Applications that comes with this suite are:
Backup MyPC 6
CinePlayer
Creator Classic
Disc Copier
Label Creator
Media Manager
MyDVD
PhotoSuite
Sound Editor
VideoWave

Let's now examine each application and its respective features, and see if this suite can truly replace most, if not all, of our standalone programs for the same tasks.