SQL Server 2012 MDS Question - What exactly is it?

Just trying to understand what the SQL Server MDS Feature is and how it is used.

1. It sounds like you can build hierarchies of master data such as customer or product taxonomies.  Does anyone have a link that shows an example of this?  

2. Is it possible to grant end-users to access to MDS features like the hierarchies?

3. Is it possible to extend this feature through a windows form application?  For example, can I create a windows form application that display and allow user to maintain these hierarchies?

I am using MS SQL Server 2012 Enterprise Edition.
hojohappyAsked:
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Alpesh PatelConnect With a Mentor Assistant ConsultantCommented:
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