Public Folders will continue to be supported in the next major release of Exchange Server, after Exchange 2007. The phrase that Public Folders are being “de-emphasized” from previous guidance blog posts, is discussed. Also, there is a list of scenarios and suggested deployment guidance for each storage scenario.
Review the blog entry about this at http://blogs.msdn.com/sharepoint/archive/2008/04/01/updated-exchange-public-folder-vs-sharepoint-guidance.aspx
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The M365 Toolman 