With it, you can migrate your files and settings from your Windows XP computer to a new Windows 7 installation.
The original Files and Settings Transfer Wizard in Windows XP was designed for home and small office users to migrate files and settings. The User State Migration Tool has the same functionality as the Files and Settings Transfer Wizard, but also provides more flexibility to IT Pros and network administrators to customize specific settings including registry modifications.
(A video is also available for download here.)
In the video on TechNet Migrating from Windows XP to Windows 7 Beta with Microsoft Deployment Toolkit 2010 Beta, Jeremy Chapman walks through the User State Migration Tool in the Microsoft Deployment Toolkit to transfer files and user settings to a new Windows 7 installation. (As noted, the new Microsoft Deployment Toolkit beta can be found on http://connect.microsoft.com.)
Also available via http://bit.ly/vcD73