SharePoint as a CMS?

[ryan -dot- minaker -at- ca -dot- pwc -dot- com]

Hi,

A quick question for anyone who might know the answer:

>From my understanding, SharePoint is only capable of managing 'content' at 
the document level, and not the content (word, sentence, chunk) level. Can 
anyone confirm this? A coworker mentioned that they think the newest 
version actually has XML style CMS functionality...

Thanks!

Ryan 

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