What is Microsoft Dynamics 365 Tenerife, really?

The weather right now might not feel like it, at least in Europe, but Spring is just around the corner.  For the Dynamics community that means that Microsoft's promised launch of the product codenamed Tenerife is rapidly approaching. But the most common questions I get is still: ‘What actually is Tenerife'? It is important that we all get an answer if the product is going to be successful, right?

Starting with the basics, and with the caveat that this based on my current understanding, Tenerife is Microsoft's SaaS small to medium business administration solution. What does that mean? Would it help to add that it's...

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