At TechEd, I did an interview with Kevin Remde where I discussed the V2 Universal Code Execution model in detail. You can see it at: Universal Code Execution Model (UCEM)—a vision of how PowerShell scripts can run anywhere, anytime in just the right semantics.
You can access the entire library of interviews HERE.
Jeffrey Snover [MSFT]
Windows Management Partner Architect
Visit the Windows PowerShell Team blog at: http://blogs.msdn.com/PowerShell
Visit the Windows PowerShell ScriptCenter at: http://www.microsoft.com/technet/scriptcenter/hubs/msh.mspx