With a press release last week, Microsoft presented the official names for the Office 12 suite of products. As expected, this includes Office SharePoint Server 2007 which merges SPS and MCMS together and the new Office SharePoint Designer 2007 which is partially based on FrontPage 2003. All the products are expected to be available by the end of 2006.
Dustin Miller has a comprehensive list of features in Office SharePoint Server 2007. Each feature has a link to more details on a blog, in a slide show or on a Channel 9 video.