My colleague Joe Shepley recently posted You Can’t Do Records Management in SharePoint , and cites Bruce Miller ’s discussion of the RM shortcomings of SharePoint
It just wasn’t built with all of the features you need for full records management as defined in the DoD 5015.2 standard. Bruce Miller of RIMTech has written a pair of very nice white papers that discuss what is features are needed to extend SharePoint for records management, what Fortune 1000 scale organizations need, and what GimmalSoft has achieved with our SharePoint 2010 add-ons