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QuickPlace: What is it and why should I buy it?

I believe Lotus and IBM are having serious problems placing Quickplace in the market. What is QuickPlace? And, in your opinion, what are its key benefits to an organization? Finally, who are its main competitors?
Relatively speaking, I believe QuickPlace is actually doing very well at the moment. QuickPlace is a web based tool for team collaboration. To date, the word "easy" can probably describe the QuickPlace product at its best: easy to deploy, easy to administer, and most importantly, easy to use -- and hence the popularity. In the long awaited 3.0 release, in a nutshell the word is scalability. Lotus has built on an already strong tool and added to it a more stable and scalable solution. One key to this is their break from the stand-alone server model. Based on Domino, the fundamental architecture of QuickPlace will continue to leverage the best of a technology that has been tried and true for over a decade now. In addition, QuickPlace 3.0 will continue in development scalability by incorporation and extending Java based APIs and XML open standards for developers looking to create more integrated and sophisticated applications. In the usability department, this latest release will also enhance the experience for real-time collaboration needs and calendar subscriptions.

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