Managed pages brings portal page and web content management closer together. You can create content pages quickly in the right portal site context.
Using the new page templates, that are available from the site toolbar, you create portal pages that are ready for content. You can also drop web content onto the page from the site toolbar. You can drop wikis, blogs, articles, and other content directly onto the new page.
You can create child or sibling pages in one step. As you create pages, you define the navigation structure and page hierarchy.