It is an ArcView Desktop version but you can convert the license to ArcInfo (floating) for more functionality. Remember - you can install all Extensions, but it is your license that determines your access level, with ArcInfo being highest.
http://esri.com/software/arcgis/index.html
http://www.geographymatters.com/software/arcgis/about/whats-new.html
http://www.esri.com/news/podcasts/audio/speaker/staff_harold.mp3
http://resources.esri.com/arcgisdesktop/
http://webhelp.esri.com/arcgisdesktop/9.3/index.cfm?TopicName=Tutorials
ArcGIS is a complete system for authoring, serving, and using geographic information. It is an integrated collection of GIS software products for building and deploying a complete GIS wherever it is needed.on desktops, servers, or custom applications; over the Web; or in the field.
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