"Although over 90% of the Fortune 1000 have at least one type of ECM system, less than 10% of the employees in most of these companies use ECM...SharePoint, through its hooks to Microsoft Office, has made significant inroads into this yawning gap in the ECM market, and growing at 35% per annum as a result...With Alfresco Labs 3, our opportunity is to provide an alternative to, provide interoperability with, and be complementary to Microsoft SharePoint."
The main feature delivered by Alfresco Labs 3 is that Microsoft Office can seamlessly access the repository in the same way that it works with Microsoft SharePoint Server. This could mean significant savings for many enterprises.
Other features in Alfresco Labs 3 include Surf, their Web application development platform; Alfresco Share, a new social computing application developed using Surf; and a document library capable of scaling to more than 100 million documents. That's impressive functionality, and the fact that it's open source sweetens the pot.
Interestingly, the SharePoint protocol that makes the Alfresco Labs 3 possible was released as part of Microsoft's compliance with the European Commission's orders in 2004. To the best of my knowledge, no other vendor -- open sources or otherwise -- has released a SharePoint-compatible repository server.
For additional information on Alfresco Labs 3, including details on downloading and installing it, check out the Alfresco Labs 3 entry on the AlfrescoWiki. Alfresco has long been a good resource for solid open source ECM, and this added functionality serves to make it even more compelling.