Here is the link to download Microsoft's "What's New in AX 2009".

Even though it’s 57 pages long, it’s really just a summary of what’s new in AX.  Somewhere around here we also have a 600+ page document with all of the details, but rather than put you to sleep reading 600 pages, I thought I would tantalize you with a few key new features that help make the upgrade to Dynamics AX 2009 really compelling in a nimble company like yours - one that knows the power of automating processes and exposing the right information to the right people at the right time and place.

AX 2009 is flexible and customizable like never before, and you don’t need a team of rocket scientists to accomplish a goal.  With various levels of customization from the users’ ability to change how the fields are arranged on their screen to Visual Studio development of BI projects and Visual Studio Tools for Office (VSTO) applications, Microsoft has gone to great lengths to give users, developers and consultants the tools they need to make the AX 2009 system every man’s system.

Read below for a summary of the Best of What's New.

Role Centers  

  • Microsoft Dynamics AX and the Enterprise Portal framework provide RoleTailored access to data, reports, alerts, and common tasks. You can personalize your Role Center to monitor and prioritize tasks based on business needs.
  • Tasks are presented visually as document Cues that provide information about the workload associated with each activity.
  • Role Centers can be displayed in a Windows® client or Enterprise Portal in Microsoft Dynamics AX using Microsoft Offi ce SharePoint® Server.*

Upgrade options

  • Upgrade directly from Microsoft Dynamics AX 3.0 or Microsoft Dynamics AX 4.0 to Microsoft Dynamics AX 2009.

Unified communications

  • Use presence information to collaborate easily with coworkers, business partners, vendors, and customers whose data is maintained in your ERP system.
  • Communicate by sending e-mail or starting an instant message or phone conversation from within Microsoft Dynamics AX.**

User interface

  • Quickly find what you need with simple navigation based on the familiar, intuitive interface of the Microsoft Office system.
  • Use flexible tools to present data easily and visually.

Flexible workflow

  • Use Windows Workflow Foundation to create business rules and custom workflows - or use templates—to automate business processes.

Country-specific functionality

  • Expand functionality to help you comply with country-specific regulations.

Multi-site capabilities

  • Use the new Site inventory dimension across the system to support multi-site scenarios.
  • Streamline multi-site management with the ability to defi ne different costs, prices, and cost category rates; set default fi nancial dimensions for sales orders; control delivery dates in different time zones; and run master planning to view bills of material (BOM) items and route data by site dimension.
  • Access support for multiple time zones with preferences for date and time fields set at the user level.

Business Intelligence (BI)

  • Select predefined performance indicators based on role and monitor critical business processes in a dashboard view—all from within the Role Center.
  • Ease report generation with predefined role-tailored data cubes.
  • Use predefined cubes for Microsoft Office PerformancePoint™ Server 2007 to formulate effective business strategy, monitor performance, and analyze results across your entire organization.
  • Spot trends and opportunities faster by generating standard, ad-hoc, and analytical reports with SQL Server Reporting Services.
  • Generate analytical and ad-hoc reports in Microsoft Office Excel® using SQL Server Analysis Server.
  • Share and modify data by exporting to Microsoft Office Visio® and Excel, with the ability to use PivotTable® views.

Shared services support

  • Help reduce costs with centralized processing for customer and vendor payments.

Financial management

  • Preauthorize credit card payments for sales orders.
  • Use three-way matching for vendor invoices to invoice a purchase order by packing slip, save an invoice prior to posting, and enter miscellaneous charge codes that were not on the original purchase order.