With this said, I’d say…”You know you’re sucking wind with SP 2010 if you have” Not dug into the Term Store | The introduction of the Term Store or Managed Metadata is one of the most powerful aspects of SharePoint 2010. In a nutshell, the Term Store allows you to maintain a hierarchical taxonomy that can be employed for the tagging of content
Beyond what the electronic records are stored on is also the issue of how they are conceptually stored or the metadata associated with the electronic records